Want to incorporate court house buying into my scheme of things.

Pay or do not pay.If she decides to pay then life goes back to normal.If she decides not to pay then the foreclosure proceeds. 

Magistrate and State Courts have no jurisdiction to hear a dispute over equity in Georgia, and the suit would have to be done as a suit in partition/ejectment in Superior Court, and you're looking at 12 months of litigation, rather than a couple of weeks. 

Not sure what kind of auction you are attending like a court house step one, estate or online, but maybe I can give a little help by what I have done. 

You can both put that in writing and sign it, but it will never stand up in court because it's not legal to just give kids away and it's an unreasonable penalty. 

Putting them into an LLC might change the deductibility of the interest but it still depends on how much of the proceeds are used within the LLC versus distributed out.

Thankfully the IL supreme court would shoot this down if it somehow passed in any part of the state. 

Thanks don't believe courts are taking  on evictions right now in MA so I will tell her about finding a collection agency. 

If it doesn't say, then it is ultimately a court who sorts it out if there's a conflict, but I wouldn't expect most courts to side with a landlord who just decides they want to use the backyard themselves for bonfires or storing their junk. 

IRR is looking at all those cash flows paid back to you (these could include distributions from operations, refis modeled, and sale proceeds), and calculates the discount rate to bring the net investment to zero.