Also its my understanding that if he bought the note for lets say 10k  and it had an unpaid balance of say 25k  all arrears and cost including on the opening bid and if it had sold 3P at the sale for say  40k  Bob would get his 25k .. which would give him a 15k profit on the deal and the extra 15k would go to next in line if their were leins or the trustor/owner who lost it. 

With the election over and the New year approaching ,its a waiting game for that extra 1/2 or full point to come down.

., new renovation, outdoor space, free parking, in unit laundry, extra storage, utilities included in rent.   

That would the extra 5k would technically come out of my own pocket, right? 

Renting it out would let you keep the asset, earn some extra cash, and possibly benefit from tax deductions like depreciation.

It's really great for learning the fundamentals even if you aren't investing out-of-state, and of course extra relevant if you are. 

For an extra 800/m (this is a random number)It usually isnt worth it.The investors who have the best success do the following things:1.

I'd only play with extra money and pull back gains as it's super volatile.And it's not investing to me.

Then you could house hack to make extra money for your next down payment. 

If you're 25 or 35 and that monthly rent check gives you an extra vacation a year for the rest of your life, that might be fun too.Good luck and congratulations for being in the path of progress I guess.