The auction purchaser's right to close is contingent upon the outcome of that suit.If the auction purchaser wants out of the deal to pursue other opportunities, the terms agreed to may reference a closing date and what occurs if marketable title cannot be delivered at that time.

@Amy Beth -- Will be contacting a local attorney tomorrow, to inquire more about the legal steps of getting this resolved.

While also having been in construction for over 15 years I have knowledge of each step in the process but can always learn more. 

Any suggestions or Steps to follow?

Before I buy a property, I want to take actionable steps now to set myself up for success, including researching lenders and knowing who I will be working with and their refinancing terms.When looking for new lenders, how do you approach them to find this information out? 

Hi Everyone,I was wondering if I could get some feedback on pursuing cash transactions for purchasing investment property.

@Mohamed NagoorYou should look at this in a separate few steps:1) You fund your LLC (shareholder contribution) with $100k2) Your LLC spends $70k on inventory (the house), and puts in an additional $30k to improve the inventory.

@Naina Tara, congratulations on taking the first step towards RE investing and financial freedom.

If you overpay for a SFH on the court house steps you can probably survive it.

Would love to hear if you got any feedback on your proposed venture, and if you pursued it...with success?