While the title search should uncover any liens associated with the property, you also want the protection that the actual title insurance policy gives you in case something is missed.

@Kathleen Diaz Actually we're doing a Buddy System match up this Friday at our Moves and Shakers....

I haven't bought at foreclosure auctions in a LONG time so I don't know the actual time frame.

Or does this seem to be a way to build wealth as long as you actually can construct a list of cash buyers to be partners with who know the Market and everyone walks away from the deal happy.     

Use actual sales dataAlso use rentometer to see what rents are. 

Lawrence,Your analysis looks like what I would have done assuming those are the actual numbers and not the pro forma.

I actually just started with the Wardley office here in Green Hills.

Without the actual address my input is limited.

We had a similar case, they actually were in the hospital but it dragged they only paid when the court summons came !!!

. :)It actually doesn't leave wiggle room for closing costs though.