It turned out the whole thing was a bit of a scam - the "lender" took a huge up front fee ($4,000) to do the deal - so it turned out they weren't really the lender... they were acting more like a broker...while it wasn't said this way, it appeared to be "after you pay us $4,000, we'll try to go and find you a loan."  

Looking forward to learning from those who have navigated similar paths.Thank you!

The only way I see mitigating these risks is getting the previous owner to waive redemption for $$, not a guarantee ahead of the auction.I did find a case here on BP where the HOA buyer got wiped out a month into the redemption period by the bank foreclosure! 

These terms were provided by the seller's daughter who managed the properties and were not disclosed to us during the transaction.The legal expertise we've received up until this point has not been helpful.

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@Michael P.Sure, as long as you don’t mind if I go ahead and increase the list price by 25% first!

They can offer valuable guidance and help you navigate any questions you might have about the market you're planning to invest in.

I haven't done this as this is going to be my very first property, please feel free to ask any questions:Potential Rental Income: $1000/- month (Right now through housing, but rent is due for increase)Taxes: $2600/-Utilities Water/Sewer: $800/- (Rest of the utilities are paid by tenant)Purchase Price: $124,900/-

Originally posted by @Nick C.

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.