With trades and mechanical work.

Yes, I understand that this mechanism allows the marketplace to pay juice on capital deployed immediately instead of it sitting idly in escrow, but this benefit comes with a cost.  

(I would like to know that answer too, I am pretty sure my county creates an electronic file minimum within 30 days...I have seen records of foreclosure sales at the courthouse steps online within 48 hours of the auction).You do need to be aware of your state foreclosure laws and liens that survive auction (mechanics liens are one, maybe the only one in Texas but not sure).Another issue is getting insurance after purchase jwithout a sellers disclosure stating the roof's age and disclosing known defects or an inspection report.

The biggest items for sustainability are to insulate the house properly, correctly size the mechanical systems, and face the windows the correct way (stock plans don't work for this).

Nice commercial "work shop" type space in a decent area (auto mechanic, auto body, etc).

I did all of the demo and electrical work myself while working my fulltime nightshift job and helping my wife take care of our new baby.I had about half of the electrical work complete when I decided to take an evening off and go play a game of softball.This proved to be a bad decision when I broke my ankle and had to spend the next few weeks doing what work I could while rolling around on a mechanic’s creeper and trying to instruct my helpers on how to do the wiring.The next big challenge came during my “rough electrical” inspection when the inspector informed me that all of the drywall we busted out for electrical and plumbing would have to be brought up to current fire separation standards of 2 hours between commercial and residential units.This required a lot of research and I had to submit new plans which set my timeline back a few weeks and added some additional costs I wasn’t expecting.I was able to work through all of the set-backs and we had the first residential unit complete by August and all of the units were occupied by new tenants in October.All of the units turned out exceptionally well and I applied for my cash out refinance a few weeks ago.

2) Follow up mechanism used on defaulted notes?

New construction for example, which is the majority of what we do, will have no capex or maintenance for many years with builder warranties in place to cover all maintenance along with long term foundation, roof, HVAC/mechanical warranties, etc.

IRS liens, code enforcement liens, etc) can survive a tax deed sale, and most private liens (i.e. mortgages, mechanics liens, etc) do not survive a tax deed sale (assuming the lienholder was properly notified).  

What I Learned About Life by Becoming a LandlordAnyone else catch this on Popular Mechanics?