The owner has a 3% apr loan with 23 years left and a balance of $33k on the solar panels.

The state of NY is now requiring LLC's to register their owners (to offset for the enormous issues we have here with deadbeat landlords).

Here are some more details...The property has a $40K+ water bill.The water company has informed us that with foreclosures, the new owners are not on the hook for past balances.so the lender/trustee is responsible for rectifying this... and the balance is so high they're delaying until they figure something out.Aside from that bill, there are no other encumbrances and we're able to get clean title with owner's title insurance.We got in the deal with cold, hard personal cash.We have a balance, which is {AuctionWinAmount - DownPayment].This balance accumulates interest until we close.so we have equitable title, but the property is not deeded to us until we close with the trustee.

There is some consensus amongst major owners/operators that prices are very near the bottom (maybe this is positive thinking, but this group also sets the market by being the major buyers and sellers).  

I was able to sell my previous properties with significant down payments and I owner carried, which I am still receiving payments on.

If things were done properly, there would be a recorded easement giving the other property owner the right to repair/replace their portion of the sewer line if needed on your property.

Even the firms that are vertically-integrated owners will consider JVs if they like the deal enough and it was sourced off-market. 

If you work at it sooner or later you will come up with an owners name even if it is an LLC.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $80,000

Cash invested: $10,000

First Investment, house hacking, fixer upper, using as core investment to bui...

The previous owner, who used it as his primary residence, no longer wanted to be a homeowner.