Hi Ryan,thanks for the helpful advice. that is pretty much what I thought. the reason I brought up the possibility of buying the second trust at a discount is to better position myself vis a vis the "tenant" who has put so much money into the house and really wants to buy it.that is the most positive thing here for me: someone else wants the house. if I hold the second trust and the bidding goes up above the first trust, penalty, interests and costs, wouldn't I be in a reasonable position with respect to the other bidder(s)?

Does anyone else feel like this is just too far?

All my friends and family are switching over, why not with the new policy change all of us as of this Janurary can switch are rental properties to a 2% or lower rate.See for yourself at 2percentmortgages.comMy family and all my friends have switched over why not everyone else?

You would include holding costs, rehab, downpayments, and anyting else out of pocket.

It's always nice to have someone else around who seems to know the gig who's always looking for more answers and knowledge.

Does anyone else besides you and the original lien holder have any claim to this property?

How many times have you gone to an open house or gone through a house with a realtor and asked "Do you know of anything else interesting"?

But, if you're buying it yourself, renting it out, wholesaling or anything else, then you shouldn't have to run your deals through them.

I was suggesting you go that route as a way for you to get into the market and making offers just like everyone else even if you have little to no funds to work with.

My understanding is that as long as you only advertising the properties for someone else then you are fine.