I flip and my friends who are REI also seeing shrinking profit margins not only due to rising material and labor costs but also the loss of multiple bids.However, with any market there are locations still commanding high dollar.

And if anyone deserves to make money from a vending machine located outside the premises, I feel it should be me.

Bottom line is after 6 months in escrow we finally were able to locate the second lien holder.

Location is usually important.Good luck to you!

All of the language I read on the IRS website mentions that redemption requires the IRS to pay a purchaser at auction back their purchase price, but I can find no info on if the property is transferred to someone else before redemption.Any help GREATLY appreciated, as the current plan is to transfer to the LLC ASAP.I know the likelihood of an IRS redemption is very low, but I still want to plan for that possibility.House is located in Southern California, if that matters.

@Carl Fischer The "problem" of roughly $3.4 million of potential capital gains wouldn't evaporate if the house was located in PA instead of CA, and had the exact same fact pattern. 

@Chandler Scott as I mentioned before it depends on asset class and number of units in one location and/or spread out.

Understanding the lending process and variables will save you time and money once you locate the deal you want to close. 

The location overall is perfect for those commuting.

I've been thinking about investing in Cleveland as well, since I'm currently located just south in Youngstown/Warren, Ohio.