There's generally no harm in trying to talk to the occupant prior to the auction, but keep in mind you need to be pretty polite about it and if they ask you to leave you need to get off the property.  

The investment never occurred and could in the future but it isn't looking good.  

I don't recall hearing that occurring in our circles.

-Check out http://www.evicttv.com/categor...To protect your interests once an incident occurs and/or you do get sued:-LLCs and other entities can limit your exposure, but aren't always feasible (for example, when using conventional financing properties may need to be titled in your own name).

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Little house LLCs for asset protection cause more harm than prevent. 

Coming into fall (after this summer season), could potentially see having more coastal properties for sale from distressed buyers though not sure if this trend is yet occurring. 

Unfortunately for him he recognized he didn’t have enough data points to come to a conclusion on whether debt monetization has occurred. 

Eventually misunderstandings and hard feeling will occur and you don't want to lose family over money

The issues with it are many; 1) you NEED to make absolutely sure the carrier will insure it especially if you are planning on updating the wiring that is when most fires occur and if you are not insured that’s no bueno; 2) most insurance brokers themselves don’t know or worse issue you an insurance policy - the result is that you technically do have ‘insurance’ in that you do pay the premium but are certainly not covered if something happens because of it; 3) if the electrical has been ‘updated’ check with your township to see what electrical permits were pulled if they have no record then chances are that the electrical may look updated but there is knob and tube behind the walls.