Would this be some sort of mortgage wrap without title transfer?  

I am currently working towards my RE salesperson license and should have it within a couple of months.Any suggestions on where to go in the South OC area for networking/knowledge transfer that isn't a sales seminar would be helpful.

I added some extra space for data to reflect that.  

Seems like there was some trickiness with the new data collection process.

@Gene WhoopIf you have other retirement funds such as an IRA or former employer 401k, you could open a self-directed IRA and transfer theses retirement funds into it and then pool the self-directed IRA funds with your personal funds. 

Did you get the security deposit transferred to you at closing?

They seem to be ending the bidding with no winner but then selling the properties at below reserve price to whoever the highest bidder was, plus 5k (based on an analysis of 2 sales so far, so not very many data points.)So glad you got a deal and thanks for giving us the update!

@Josh Caldwell - without looking at the data, I bet that rents in Ames, Iowa were really low and that 22% increase is something like median rents going from $400 => $500.

But if this is a hard-to-comp property and you're getting no responses, a more drastic test may be needed to try to generate some data.

You shouldn't need an option since at closing the title will be transferred to you, right?