So could you take out the $50 you need in a term loan and also open a LOC large enough to cover any issues that arise?

@Cameron Porter +95% of the land bank inventory is already picked over by the time it hits the public.The only people we know that have bought ALL went over budget and only the increasing market covered what would have been losses.So, proceed VERY carefully!

@Abigail KingReal estate finance and investments by brueggeman

Obviously, the rules will differ from state to state.The most successful buyers have trusted bidders with cashier’s checks in multiple denominations (for cash sales) and the actual buyers have field runners and people to monitor multiple prospective properties at a given time and check sales status for postponements due to BK, etc.This is the case in larger metro markets where many properties could go to sale but few do so.There are often better ways to acquire properties then auctions.

I'm curious about your lots and how you financed.

People like this Scott Carson guy give "mentor" and "guru" a bad name which is just so frustrating because they are not all bad.

Anyone know if there is an accessible list anywhere for code violations open and or closed cases?

@Godsheritage Adeoye And for anyone else considering this... in Baltimore City you need a current lien certificate to record a deed.

In reality, most older homes will cost you considerably more in maintenance, capital expense, and vacancy (people just generally like to live in and rent newer homes).

Do you think you are going to stick to LTRs or try and go the STR route?