Then read up on Unfair, Deceptive, or Abusive Acts or Practices Act with the same thought in mind.When you are done with that, consider you lack a Compliance Management System so the IRS, the FTC, FinCEN, and OFAC might also want to visit you in addition to the CFPB.

If you can find legit buyers that will be consistent I would challenge that goal to 5 to 7 that month. 

About a week and a half ago I purchased Cody Sperber's first million in real estate and since then I've practically completed the course.

We've already worked this system out with another property, and it is completely sustainable.The system I've developed turns this process into a 99% passive income stream, so that the investor rarely has to lift a finger, and the house practically manages itself and puts cash into his pocket.

This house will consistently rent out to long-term tenants.

If the auction bid amount was $100,000 and the investor then sells to someone else for $125,000, and the borrower wants to redeem, it is $100,000, plus the additional charges, not $125,000 plus additional charges.The additional charges consist of interest at 7.5% per year, the VALUE of all permanent improvements made after the foreclosure auction, and the cost of all casualty insurance premiums. 

However, if the place is operating as a rooming house - legal or not - when the appraiser reports back that there are 6 bedrooms (each with their own locks) and separate leases for each of the tenants, the lender will run away.Additionally, what @Ned Carey indicated about debt service not being included in NOI holds the same as practiced by investors in Canada.  

Now after reading the ABC's of Real Estate Investing I would love to really dive into analyzing buildings with 4-30 units to practice and maybe find a solid deal.  

I'm planning on starting to get theory in to practice soon.I will probably start more threats on biggerpockets about my story and what I'm doing. 

It also seems to be standard practice to glue right on a wood subsurface.