We decided to move a year later but couldn't afford to sell the property so we decided to rent it out.

@Adam M.I am curious to hear how this unfolded a few years later for you.

Combine this with market rent being right around $1450 and it's a loss all day long....that is until the mortgage is paid off and it starts to cash flow quite a lot and I just view it as another investment vehicle like a 401k or IRA at that point since I get the cash flow later and the tax write offs now. 

you can sell it as a wholesale deal, where the buyer will pay all title and closing costs. this would have to be a good deal for the buyer equity wise.PM me your number if you would like to chat and i can call you later today.best of luck,Nick 

A few days later it is back for auction.  

I did pay to scope the line when we first inspected it but there are apparently two laterals and they plumber didnt scope the second line as he didn't know that it had multiple laterals.

However, the tenants moved back a day later, breaking the locks on the property.

It was a 5/1 ARM at 5.65% - I didn't know what an ARM was. we split a year later, I bought her out, then for $600 bucks in fees, I moved into a 5/1 ARM at 3.99%.

There is a property I am interested in, and it will be auctioned at the courthouse next tuesday, so I order a title search.It shows only 1 lien for $amount (I don’t know the current balance of the debt), originally taken out by Barack Obama and later the loan was assumed by Donald Trump when he bought the house from Obama.

I lived in it and rented out all of the other 5 bedrooms to my friends and lived free for many years. that is an excellent strategy for a beginner. i did not know what i was doing nor did i realize that that was a good strategy until years later.