There's nothing that stipulates if you do something against their 'rules' what exactly their remedy is, and whether or not there's options for any penalties such as the property owner association repairing the problem and billing you etc., and local authorities aren't authorized to do anything without a court order.

This is something else your local building department can tell you, and they may even create new rules for these recently flooded houses.- A/C Compressor.

Not learning the rules and procedures for each counties to be investing in.

And with this crisis, the rules are changing every year.

Not sure if that is against the rules here, just wanted to offer help if you needed it.Karen M.

But I'd be grateful for advice from someone with more experience.Here's an example property:4-plex, 2bd/1ba unitsAsking Price: $170kRental rate at leasing office (other identical units) is currently ~$575/mo.Realtor summary shows estimated gross income at $28k/yr, estimated NOI is about $18k/yrBoth property and the community look to be well maintained, HOA appears healthy.Some readily apparent risks:*With 25 other identical buildings, it may be competitive to find tenants.

Depends on what company is conducting the auction and the rules and regulations.Most I have seen do not approve assigning etc. to another party for a fee.

Then the bidding seems like they are playing playground rules or something.

You may under the reg D. rule changes you may target an accredited investor list begging Sept 23 IF...IF you follow the right process.You MAY legally mail out if you are using a generic introduction based on an informational type.

Feel free to ask any questions you have.First you need to examine the 50% rule.