This is a complicated process that will take years to come back from and In my opinion it has change the face of the way we do business forever.  

A lot of my clients purchase deals under their names because they are highly leveraged and do not want to deal with the complications & filing requirements of having an LLC.

I am looking for my first deal and was wondering if its a good idea to purchase a foreclosed or auctioned house for my first deal as it seems some of the best deals are through this route, but I also know that it's a bit more complicated and perhaps riskier. 

@Jason Etheridge@Wayne Brooks nailed it: no need to complicate anything for tax purposes.

I scraped the numbers of Harris County non-judicial foreclosure notices for the year. 

I would not have a two month fee to release one person, that is too complicated  and can backfire.

@Elliott FisherBasically, you need to find the cash or a new loan really fast if the lender calls the loan.You do realize its more complicated than this, right? 

I'm still saying probably because there could be other complications we have not uncovered. 

That's a complicated way of saying you'll pay no or very little taxes on the sale.Flipping your inherited home will give you seed capital to pursue your real estate ambitions.Anyway, back to househacking a duplex...

So, if no one shows up to argue against you, you should win.2) If you file an ejectment lawsuit against the former owner and they do not counterclaim and ask for judicial redemption, it is my opinion that was a compulsory counterclaim.