My next step was to talk to an attorney acquaintance of mine and he suggested I send the seller a 'demand letter' stating that we had an enforceable contract and to follow through with the deal or a ' Lis Pendens' would be filed.

I am sure that there are many other investors on this site that will step up and do some free mentoring too.

I seen the Canadian news video, and I even read the complaints about Tigrent Learning.Let me take it a step further, I checked the WHOIS information on TigrentLearning.com and it was Private Proxy domain registered on GoDaddy.

so I am thinking of posting here the steps I ll take and report on how it works out for me, since I am not a professional guru or real estate writer maybe others will know if it truly works for the average guy.

Thanks Jack,I am looking for someone that can teach me the steps to buying tax liens, what things I need to look at so I do not make bad buying decisions.

Offer to pay your potential lender 8-10% for 5-10 year fixed-rate money, 65% LTV 1st position on appraised value, rehabbed and tenanted, using a 3rd party loan servicer, pre-executed assignment of rents and pre-signed QCD that can be executed in event of 30-day delinquency (sidesteps foreclosure step for your lender), and use an experienced real estate attorney.

Kudo's to you for listening to warnings about what could happen if it all went bad, and then taking the steps to be sure you and more importantly your grandma, are safe.

Letters and bandit signs in a concentrated area spread out over a consistent period have always proven strong in our markets.

I figure if I dont factor in cashflow for right now, the numbers work, and I assume rent increases by the time I plan to rent it will give me my desired cashflow.Please just help remind me what steps to take and what not to forget...

You need ample space for steps.