The past few years I have invested in local tax lien certificates, and am looking forward to the upcoming auction.

I had to close with all cash - it was an auction property with a 30 day deadline and no financing contingency.

We just purchased a SF home and closed last week on an online auction bid through Hudson and Marshall.

I also got a great contact of an investor/RE auctioneer.

I recommend buying REO property at auction or finding an REO source/agent.

They have pocket listings all the time and send them to their preferred list of investors.Then go to your local public trustee auction and meet the investors who are bidding on the foreclosure properties.

My girlfriend trades in her 'clunker' every couple of years by selling it to a retail buyer.Then she takes the cash, goes to a wholesale auction where the used car dealers buy, and purchases another used vehicle for wholesale.Net of taxes, insurance, upkeep and gas she drives for free.

Investors are going to know who the investor-friendly title companies are.If you need to find other investors, check out your local REIA meeting, call "We Buy Houses" signs, go to courthouse auctions, etc.

If tenant doesn't pay you lock his stuff and after 30 days you can sell all his stuff in auction.3) Less Utitlities bill.4) No fight with the neighboors.However I still think it's 3 to 4 times cheaper to have your own storage built.

The lender eventually took it to auction for less than my offer, but with a big deficiency judgment.