My only concern with that is most seasoned investors will be in line already at these auctions plus their wallets will go deeper than mine so I might just be wasting my time in going.

@Craig Parsons I'll do a deeper dive into his stuff and see what I can find.

Hi Danielle, First off, good job delving into the world of real estate investment. 

Dave also good advice on the money list, that goes deeper than just having one mortgage broker.

I will start to dig a little deeper and see which areas I will attempt to focus on.

Looks like we're getting into a bit of a gray area, and I'd like to dive even deeper into this gray just to make sure I don't put myself in a bad position down the road.

As such they won't be anywhere near as bad as 2008, but at the tradeoff of digging the current hole even deeper.

In addition, since it was an unlawful conversion, a building permit would have been denied, had the previous owner sought one....so all of your renovations might be done "off the record" and not up to code.So, dig deeper.

Once I dive deeper into the property, I'll keep you all posted w the DSCR, lender info, etc

lolI'm very open to criticism and discussion and would love to dig deeper into detail so please feel free to throw darts.