I personally like to use a lawyer to optimize my time and ensure the documents are correct.

Correct?

You will get the full 12% if you hold the property for a full year otherwise you will only earn interest on the number of days you have held the tax certificate / deed.Please correct me on this if I am wrong.

By the way, semi-turnkey, with this company means you buy the property with cah and basically use the BRRR method, but they have the team, so that's what you're paying for, their team and expertise.

@Guillaume DerouetI assume you're talking about an uninsured investment property.If so, the two correct answers are: 1. not quite and 2. it depends. 

So (700-574.13)=125.89 cash flow after expenses so 1510.44 a year.  1510.44/7350= .20X100= 20.5% CASH ON CASH. so is that calculations correct?

This sounds like the BRRRR method.

@Felix L PerezWhat @Basit Siddiqi said is not necessarily correct.

Makes sense if you want to be an owner occupant, but not for an investor.So, maybe the auction sites work for some, but personally I'd rather use other methods to find properties.

I heard about this method after listening to Rod Khleif's podcast episode # 209.