But it kind of reminds me of what Kobe Bryant once said about his training.

A WF rep visited me at my "day job" to discuss the new lending standards.

When our regular flooring/tile guy was in a motorcycle accident and spent a month in a rehab facility, we visited him a few times and brought in foods he was craving.... hamburgers and pizza!

Hit me up the next time you go visit you parents 

Typically the foreclosing lender will be the amount of the outstanding balance, but they could bid more...for all kinds of different reasons.Go to the sale...see the trustees....talk to them...watch others bid....see what the amounts are...Remember typically there will be no financing......typically you will need cashiers checks on you or go get one nearby by a certain time.  

After visiting potential prospects and running dozens of number it gets discourging and maybe a bit impatient to land that first one and get your feet wet. 

(And that's the kind of tenant you want anyway.)

Being so new myself, I am amazed with the free~flow of information from members kind enough to share their expertise.I appreciate this Community so much!

Feel free to visit these links for more suggestions.https://www.biggerpockets.com/forums/51/topics/349...https://www.biggerpockets.com/forums/51/topics/420...https://www.biggerpockets.com/forums/12/topics/111...In the meantime - feel free to reach out to me if you have any specific tax questions.

It's almost a wash, and the additional cash flow from paying off the mortgages is exact and unwavering, whereas the cash flow from my building was not, so that kind of stabilizes my income a little bit as I go into  retirement.