He has lowered the price to his break even and it is still getting no interest.

I also figured it would help build credibility and rapport with a motivated seller.As for money, Wholesaling itself is merely a way for me to really break into rentals.

It breaks my heat to look at my landlord's mortgage bill come in at the end of the month.

Keywords don't seem to work on titles so make sure it's in the body.

Either you go with flipping to build wealth quickly or buy&hold, but break that analysis paralysis.

(Anyone who BS detector is on the fritz these things to not exist:) )If you need to borrow most of the money (unless you have very good terms) and plan to sell with an agent you would be lucky to break even on this deal.

He's even suggested an interest only loan and make a break even cash flow and take the equity out.   

During the rehab, we encountered… a break-in that removed old radiators (fortunately, we were planning to remove them anyhow); a complete failure of the relatively new boiler; a complete failure of the A/C system; rotten floor joists in an existing addition; missing ceiling joists in an existing addition (only 4 joists over a 20’ span); a rotten subroof covered up by 5-10 year old shingles; and more.

Suggest talking to a title attorney and the auctioning body.

To me personally its by far the best thing for young west coast investors to do starting out.. safest and will be the most profitable in years to come.. even if they never make cash flow and just break even and let the tenant payoff the mortgage.. by the time they are 60  they own probably 10 million worth of RE free and clear.. sure beats the risk of low end C and D  investing in my mind.