Hi @Jake Hinchman,The first thing you should look into is whether there are any restrictions on STRs in the area - both on the government level and in the HOA of the building you're looking at.  

@Mariyah Trammell, I will add to what others have said that one of the first things you will have to do is establish credibility. 

You will need them more than you expect.Then since you're living for free, you can save up for your next deal - and you'll have way more credibility than the people who have no deals.

@Brian Burke is one of the more credible one who comes to mind2.

OK, so in WI if you bid on a first mortgage, all other liens are "foreclosed out" with the exception of government liens and often you can get those removed if they are not for the property, like back child support, or income tax for example. you should buy a title policy if you are concerned, I usually dont, because I know the Sheriffs Deed is as close to Virgin Title as possible (assuming you purchased a first position) I dont think you have anything to worry about. 

I don't...It's a good neighborhood with ONE bad renter thanks to the political agenda of our government.

https://www.cityoftacoma.org/government/city_departments/finance/tax_and_license/business_license/new_businesses/rental_business_licenseThe license fee is based on anticipated annual gross rental income received (from $25 - $250)https://cms.cityoftacoma.org/taxlicense/application_for_rental_registration_nov18.pdf

Your first pitches won't have much to go off of except establishing your personal credibility/RE knowledge, your hustle and knowledge, sprinkled with a little confidence, will go a long way.

Account Closed it all starts with credibility through education.

It's a little strange but some of these "government" types of loans just want to check a box...and not really make sense of it all.