Had we been inspecting regularly, we would have caught this in the early stages.

Until he is making enough money from investing, he will be receiving a regular check from ssdi, so he will have that money to show the bank.

Don't listen to the gurus and see for yourself by bidding consistently everyday and you too will notice patterns in the counter offers.The secret is bidding regularly so that the asset manager gets to know you and you will start to receive notifications when HUD wants to get rid of the property.

{I just looked and the reduction in cash-flow is presently 2.3% ... quite irrelevant given the good it produces.Now, during the first term of any mortgage, we will make regular principal prepayments provided we have sufficient reserves in-place and no immediate higher use for the free cash-flow.  

I would like to have it in my name so that I can re-finance to a regular loan in 2 years and pay him off.

We will be providing 24 hours notice and will enter the property after that during regular business hours regardless of who is home.

I'm just confused a bit and want to know what I would be getting myself into if we make an offer and win the bid.Also, does this generally mean I can get it at much cheaper than it was a regular sale?

@Aaron Mazzrillo  - is that Tuesday Steakhouse lunch in Upland still happening regularly?

I'm also very interested in hearing about local groups that meet or people who are just willing to share knowledge ( free lunch in it for you most likely :) ).Can't wait to start interacting with everyone!

After all, I could not ask him to drive 4 hours to look at a house for me on a regular basis.