What are the differences between a non-tax sale and a tax lien foreclosure sale?

I own a 5 unit in an LLC, now I know that 5 units is considered commercial and lent out differently, but one of my local banks will loan on ANY non-owner occupied property at 75% LTV with a 15 year mortgage.  

This property is Non-Owner Occupied and Income producing (Approx. 1,200 per Mo.), as "Student Housing".  

But the key is to managing it successfully and this is where most people lose their shirtLong story short, we slowly removing non performing tenant and move in good tenants.

I already own part of this complex and it gets more complicated when you include those existing units (with another set of units that I may purchase) in the final permanent financing (and potential non-bank financing at that point).  

Indeed, AB 2819 intends to do one thing:hide non-payment of rent from the next property owner.Other than to promote more bad behaviorthere's no reason for this bill.Call your legislator and ask for a NO VOTE on AB 2819.

If anyone using other channels or doing this process online already in a non-competing area that is willing to discuss share their model, please reach out. 

Otherwise most investors will simply wait you out, and bid when its back out on the market after you fail.Deposits are non-refundable in my experience, no matter what you find during your inspection.  

You might expect to drop $2000, 6 months and have to offer decent argument that a duplex rezone is consistent with the neighborhood plan or that there's a new community need to increase the density.  6,050 indicates it's a legal, non-conforming (undersized) lot - it still meets the minimum lot area for TU but do you have 50' of frontage?

My LTV at purchase was 70.5% Last year: GSI =68400, Expenses = 18900, net op expense = 27.6% including mortgage.CapEx reserves are non-recurring so, IMO once established they are no longer deducted from the GSI.