Excellent reply from Sylvia B.!

I now know a lot and yet realize i know oh so little, but an excellent student i shall remain.

@Randall BrooksYes that is an excellent idea and I wish I had done something like that.Watch out for a couple of places that people typically slip up:- Make sure you account for all costs, not just PITI.

I am looking to purchase a home through auction for my family and I and the details are as follows:Wells holds the lien and there are no junior or other outstanding liens.It was established in 2011 at 175k and the property owner stopped paying over the summer so I think it's in the 161k range for what's left on the mortgage.In talking to Wells they said that they were not listing the property for auction but the owner was... yet Auction.com lists this as a foreclosure property.My father would partner with me on the cash for this deal until I can grab my traditional financing but he is worried about being on the hook for more than we expect.If I have checked with my recorder of deeds for any extra liens or overdue taxes, sewer bills, etc, can I be on the hook for anything more than my bid price if I win? 

I have learned a lot from David Lindahl.Also listening to the pod casts and reading is excellent .In one blog it tells you how to become a millionaire in seven years by a formula I think Brandon wrote that one and it really was light bulb for me it is excellent happy investing Heather Longfellow .

@Tyisha G. like so many businesses, there are some turn-key ("TK") opportunities that are excellent operators and hitting the returns they promise, and there are some awful, inexperienced and/or crooked TK operators.I think the best thing would do is to reach out to many TK operators and just start talking to them and learning and discussing their business model with them and what you're looking for.

Looking for recomendations on an excellent property manager or Management company in the Turlock Ca area. 

@Mike Watkins, that's an excellent idea!

You are 17 years old, with no experience.I would get my license and learn how to list.Learn your property laws as far as leasing.Be a realtor assistant for a seasoned agent.Try Keller Williams or REMAX Or work at a title company, learn about closings and title issues.All these experiences will help you win.

Exciting news I'm located in Kansas City and we are seeing excellent opportunities for holding here.