It is an auction to pay off the bad debt from the previous owner.

The mobile/manufactured home was previously financed and that company, Wells Fargo, that holds the loan cannot find any title.

etc)My reason for asking is i am currently saving up as much cash as possible from my first job out of college working in Manhattan in finance but would really like to get started as soon as it is 'realistically' possible.

In your previous post, you mentioned that you were a mortgage banker.

And buy "Dolf Deroos" Realestate Investors College" course.

That's with blue collar and low income.The trend with my college rentals is to build it into the rent.

u say you're new to it, but you own a duplex already...combined with your previous experiences - you're probably a lot more ahead of the game than you think.the 20% cash on cash return combined with the 90% LTV and out of state rentals you're considering - the chances for the 20% return will be very tough.let us know how it comes along.as far as places - i don't see anyone jumping up to shout a place to invest in - it depends on what you're looking for.i have a friend who's nuts over Rochester New York.

Sometimes lenders are going down a list and the appraiser is someone out of the area and very unfamiliar with recent comps especially FSBO's. 3) Give them previous layouts from other appraisals conducted -- They're always grateful.

It does not have to double, as previously posted.

I am just starting out in real estate and I wanted to offer this site for help with getting the auditors office in each county through out the US. http://www.netronline.com Also I wanted to ask if there are any resources that any other members use to find out information about the properties such as any liens on the deed and finding out if the previous owner had a mortgage and things of that nature.