A down payment will be required on your potential real estate investment.

You can check with your real estate attorney, but I might suggest they pay one month of rent as a penalty and move out now, or maybe let them go without a penalty.

They just did a podcast on a couple that does this on the Real Estate Rookie podcast. 

I forget the number right now but if you are within I think 5 days from sale date the lender isn't obligated to reinstate, but still may.You may be able to delay the foreclosure by simply asking for more time, you are now the property owner and have some sway.A couple observations:You don't have title insurance as no title company will insure a trustee's deed in CA, so that won't help you.You won the auction based on your commitment to occupy the property (SB1079), so this is not a quick flip.To buy time and delay foreclosure you can file a stripped down bankruptcy.You can't stop payment on the 86k wining bid since you paid cash at the trustee sale.Generally trustee sale buyers don't have a real good feeling for the property condition, unless you do for some reason, so this is a wild card. 

There are plenty of reasons to title your real estate in LLC's but those who approach entity formation with anonymity as the objective are mistaken and usually complicate the entity formation process unnecessarily. 2.

Hi all, trying to get a HELOC on my primary residence and having a hard time finding a bank that counts depreciation towards income

At this point I had found I was pretty good at finding and managing tenants so I partnered with a real estate broker and started managing for other investors.

Other than paying the lump sum...Laws regarding real estate are state specific.  

I highly recommend working with a buyers agent or a real estate attorney, especially on your first purchase.Please reach out to me if you want more help! 

My educational background includes a Bachelor of Business Administration (BBA) in finance, a commercial real estate certificate, and a minor in building construction and project management, with a focus on energy-efficient housing.