You will want to check out my web site for your business as well.

In a Florida tax deed  auction.Does it is mandatory to do a title seach in order to find out liens on the property besides municipal or county liens[IRS liens do not show up checking the city web],when and how can you approach the person living at the property that you are the new owner?

I sold it to him one year later for 975k cash.. and walked away a year later with a 700k net profit.. and because I held it a year it was cap gains.. paid my tax and so on and so forth.. had I taken the avenue that most foreclosure buyers do and that is screw em .. kick their butt out they would have never got this deal etc..

So today I canceled the contract and let the EM walk, $1k so not terrible, but stinks.

Negotiate for the name and web.

Oh yeah buy em up!!!!

@Maurice Boston  put them on Craigs list and sell them. if you don't want to fix em up... loans will be pretty difficult if your not residing there.

It doesn't seem that the above formula lends itself well to determining what the future value of an apartment building would be after 5 years of rent increases....ETA: I found this article on the web that seems to agree with me that you must look at comparable sales when identifying what cap rate to use on the property when you go to sell.

The web site is www.ccim.com

As for choosing the attorney, since I did not find any fellow investors who had any recommendations, I just did a web search, specifically looked for a local attorney specializing in real estate transactions and called around.