Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Watch Brandon's videos where he analyzes actual deals and practice.

@Cornel SmithThe first step is to see if your neighbors are the owners of the property.Also - how do you plan to help their problem?

That said, I want to be as practical as possible to reduce work between tenants, but I also want to attract and keep good tenants.  

3-Lets say I bought one of these judgments and I know there is no mortgage or liens on the property will I be the owner directly or is there any other steps i need to do I heard that I need to close in 30 days or so which i have no idea about.4-Lets say I bought one that has a 1st mortgage and Im liable for it...what should I do I mean whats the next step after wining the bid at the auction.5- Another Scenario: a company suing and owner and won the judgment for 550k (the owner has 2 properties one of them is a land that worth around 80k in the market and the other is a house that worth about 600k) the sheriff is selling the land only at the auction not the house, what happens if I win the bid will I just get the land and the company suing the owner will go after the house that hasn't been scheduled for sale yet to satisfy the rest of the judgment?

First step is to contact the owner.

100% of my practice is focused on this top.

Well I really detested the last business I was in (though profitable but way too many employees) I like this one so far but these first steps.... :)Thanks again. 

Would you recommend opening an LLC as the first step ?

Your client (the Sponsor) is also required to take reasonable steps to verify that investors are in fact accredited.