All the improvements you have done ;) will complicate thier issues. :)

...In a judicial state (I Believe OH is judicial), there will be a judgment entered into the foreclosure lawsuit; you would be entitled to set your initial bid at the amount of the judgment plus other associated costs (sheriff's fees and deed recording fees are some other costs that might be rolled in - state law will tell what can and can't be rolled in).

Lowering the threshold with exemptions seems to open the wild west to the $15K bottom feeders, they'd simply go back to the old ways without any incentive to operate ethically, in that case I'd have a different feeling about it.I do think individual investor/operators are being hammered too hard in reality, but free reign is not in the public interest IMO, due to the dealings of a few.It's a complicated situation, too much oversight or not enough to keep some honest.Now that I'm hated by all MH types, as a compliance type, what is the extent and effect of this proposal?

You say I should start wholesaling but I hear that can be complicated for beginners, plus right now I'm just saving my money for my real estate education plus the start up costs that come with becoming an agent, thanks for the great advice though!

The pre-foreclosure stage is the period between the time in which a Notice of Default (in non-judicial foreclosure) or lis pendens (in judicial foreclosure) has been issued to the homeowner and after the property is sold at a foreclosure auction.The owner may be working to cure the default, or he may be hoping for a pre-qualified cash buyer to help him avoid the impending foreclosure.Check public records to determine the outstanding loan balance and liens on the home and consult with local real estate agents.

A lot of what you read about it will make it sound like it has to be this really complicated risky process, and it can be, but there are certainly ways to mitigate at least parts of the risk.One advantage you have is that Charlotte is a great market to buy in right now!

FLiP's, Trusts, Complicated LLC's Structures, there is a ton of different strategies for you to use to transfer wealth to the next generation.

Don't know about fractional notes, seems like too much complication on a deal this size.

However, it does complicate the transaction and your 1031 Exchange.

How complicated can it be?