Not my area of expertise but my understanding is that the winning bidder at the foreclosure auction is the owner subject to the 1st mortgage.this is probably subject to state law but generally the 1st has to accept you as the new borrower. 

Selecting the right real estate investment is a critical step that can set the tone for a successful business model.

Our business model is to take a liability in your portfolio and convert it to an asset so that you either want to keep it because it’s completely hands-off and we continue to partner on it, or put together a deal where we can use the performance of the property to help us purchase it from you.

We have one house with an Oil furnace and it's harder to maintain, let alone dealing with an oil tank buried in the ground and making sure it's filled.We took out the baseboard electric in some of our places and replaced it with pocket electric fan wall heaters by Cadet, their best model, and were quite pleased. 

I've seen some commentary on proforma software, but is anyone using something for more detailed analysis around feasibility-level design, zoning, and financial modeling all wrapped into one?

Nothing would be a deal breaker alone, but factor this level of expertise in when evaluating the complete picture.For example, a big problem that I've seen is if a single tenant building is applying with a regular lender, sometimes they apply a vacancy to their own DSCR (Debt Service Coverage Ratio), and they apply a vacancy factor for a single tenant building, which is just wildly inappropriate.

In my very humble opinion, given your families expertise as tradesmen, taking advantage of historically low conforming rates, with limited down, on a heavy rehab project, may make a lot of sense.

My expertise is in properties with loan amounts greater than $1MM. 

I'm using the BRRR model, so I did my 1st hard money loan this past week under my LLC for loan plus rehab costs. 

I have a very technical background but haven't had a need to do anything like this for years and am looking for recommendations on a model to use to promote interest and a website host that is cost effective and easy to use.