Hi all ,Envy To those folks that have moved to Indy .You are way ahead of the game ,nothing like being there all day every day .I have spent a lot of time there over the last year and would love to catch up at some of these meetings.I have done a couple of lipstick type re habs and I got a couple waiting to go so always plenty to talk about . 

As I understand it, I will definitely have to pay the property taxes, but I'm not sure how to determine which mortgage is being auctioned.The house is small (2BR/1BA), and less than $15K -- is there a catch?

Anyways, I've been slowly catching up on the podcast with @Joshua Dorkin and @Brandon Turner and have found the information invaluable.

Louis or when I'm in their neck of the woods I make it a point to visit and catch up.With that being said, most real estate investors don't need that many planned touches.  

I would use the ''catch more bees with honey'' approach with them :)

Good catch

Home owners here are starting to catch on that there are investors coming into the community and renting out these homes as short term rentals with Airbnb.

; )Just to be clear, though, my $150K was the $138K mortgage balance plus the $8K that would need to be paid to catch up the loan and keep it from going into foreclosure.

If a contractor is so broke and can't deal with a 1/3rd down then I wouldn't want him because he is "robbing Peter to pay Paul" and it will eventually catch up with him. 

Here's our catch 22: We can't sell all the buildings for rock bottom because we would make MUCH less income.