From what i have read i feel confident i can pay off junior lien and that there is a defined set of rules that ensures this.Rich H. - You mention a case where they could initiate a foreclosure.  

It will definately cut into my profits but oh well. 

I noticed there is an animated TV series by the same name with Warren Buffet as a character.

Etc. it may help you better define your strategy, and save you headache down the road. ( I think a property manager can give you a lot of insight into what's common in your area)

You need to define what you want.  

You should also define what type of property you are inquiring about. 

The current 2012-2015 Carr Defined Value Shelf is intriguing as it mirrors the region’s recovery from the 1989-1991 S&L Crisis, a two year property value correction followed by the 1991-1997 Carr New Haven Milford Metro Value Shelf in New England.

. - "Hot market" Boise has been defined as a sellers market currently.

I hope that we all define a cosmetic fixer upper the same?

I'm still trying to define my strategy.