I had the best of all worlds, I got to live in a decent community, I got the appreciation rates of the SFR phoenix market, I lived rent free and essentially only paid for utilities, and I got to live and hang out with my friends who I know are going to take care of the place. 

Thanks Ed, yes if Sub2 is do-able on the loan, how do you structure the equity to be paid to the seller?

I paid a small local plumber 25 years in the business to to replace both inside guts of the top tank bowls for 2 toilets and flappers with chain.

The cost of forming the LLC online in MA is $500 plus $20 fee. 

The first would be paid off.

Most people these days are going to look for you online before calling you, to check you out. 

Yes, I searched a few different municipalities in various states and all have various levels of accessibility (free online records, require written request, must visit office in person, etc)

Did the rehab in 1984, still have it and paid off. 

List the people you paid money to in order to assess the property,  as vendors, and pay them as you would any normal vendor via the checks you wrote to them. 

Hi I'm new ad I have no experience on buying a property at online auction.