., I would love to get my knowledge enhanced on that as well.

@Leon LiMostly, What i have is a few questions that may help you decide or enhance the overall structure Lower Rent:Can your business afford a rent decrease still keep cashflowing the property?

Needing any experience to do that is a myth. 

Stain enhances and highlights blemishes.

You do not need any prior experience,  That statement is a myth.  

Networking is my thing.  

This can diversify you, lower your overall portfolio risk and enhance overall returns if done correctly.  

The saying that says you need experience first is a myth. 

I'm new to real estate investing and just finished "The Book on Flipping Houses" and "E-Myth Revisited"....awesome!

Thanks for the IRS info, that sounds like what I've read from other people's experience, but it also seems like one of the reasons people always give for why you shouldn't buy at these auctions... just one of those myths that gets repeated I guess.According to the state statutes it seems there's no redemption period here after it's been sold - it can be redeemed right up until the start of the auction but after that it's done.As for the title company thing, yeah I need to find one around here to build a relationship with.