It's essential when starting out to ensure your books are in order and set up correctly. 

This essentially sets the bidding minimum.  

Which is essential because I do not have the net worth or capital needed for loans or investing money.

As a landlord for over 22 years and one who pays attention to the human element of property management, I would not be so quick to follow the advice of previous posters. 

Mississippi has it.  95% of borrowers don’t read the fine print and don’t know and find out the hard  way So in states that lack it, it really makes sense to lever up because you are essentially getting free leverage as there are no consequences for foreclosure if your personal assets cannot be touched?

Essentially, they could inflate away their debt.

God already knows the answer, Essentially he's just humoring Abraham.

So anyway, BP is caught with this liability with no insurance and before the loss is even done, Obama has essentially put a cap on the amount of payouts BP will incur (at least in public perception which, let's face it, is where this drama is being played out).

Ugh.Do you have grounds to sue for punitive damages, as the first buyer is essentially blackmailing you by not allowing you to sell unless he gets his EM back.

He is getting essentially free long term money and pocketing the difference on 70billioin.