Spend some time at your courthouse and see how it works in your area.

You wind up spending more cash improving the replacement property for rental so that you can hold it to satisfy the IRS requirements.

Blasius,http://forums.biggerpockets.com/Spend some time researching then come back and ask specific questions

Any investor has to hold off spending money on a purchase if the old owner can redeem for the auction price.

For example, if some took out a loan at 8 percent for 15 years and then maybe a few years later can get that loan refinanced at 6 percent (which will extend the period of the loan, as it will start back to 15 years again) how does one determine where it is too late to feasibly make this transition considering that the one is getting a lower interest rate, but extending the period of the loan at the same time.

I recently moved to Portland, OR from Boise, IDI got interested after reading Rich Dad, Poor Dad which really made me think differently about money and how to spend it wisely.

One agent may better understand your needs and spends more time working for you.

I was forturnate enough to easily spend 7 figures for a home in Ashland so I can't suggest it to others, as it is way more expensive to live here than even Medford.

Money you did not spend is not going to fit.

If your plan is to spend the 40k that you are getting back it probably isn't a good idea but if you are investing it then I would go ahead. 8)