to me a beginner in the industry needs few things to get launched.1. a large warm market you can go to right away.. those with big extended families and your the only realtor is a huge bonus.. like Sunday my wife went out to a 2nd cousins house and listed it.. then will sell them a new home when this one sells.. she has 300 or so direct relatives in Southern WA and northern Oregon.. its a huge advantage for her.. 2.

Go into contract on the new property with an extended closing date2.

And, some of Auction's properties had a reserve and failed to sell the first time, requiring them to 'Extend the bid', which means they'll auction it again once they finish the other properties.Enjoy it and let us know how it goes.

I like rent prep because the turn around is fast and with the packages I select they do not need to contact the tenant for a release. 

We will also extend the island with the counter top so we can put a couple bar stools there.  

If you plan to hold the asset for an extended period, IC loans can be really attractive but if you intend to have a shorter hold period or to resale within a short period, the costs to place this type of debt is less attractive.

Here's the situation:I have an extended family member on my wife's side who has a property that she owns free and clear.

Properties you intend to hold for an extended period qualify as investment properties.Only reason I mention is because wholesales properties do not qualify for 1031 exchange.There are many CPA's on the forum who are familiar with 1031 exchange.

Konstanza Morning Star can help you with this.https://www.silverspringoflight.com/spirit-release

Current condition (my opinion): 30k-40k max 1st Mortgage for 160k recorded on January 1/24/07 2nd Mortgage – for 40k2 lis pendens issued but released, latest release 2017A Water Lien dated 11/06/09 $830.00A Water Lien dated 5/19/11 $ 711.83 A City Tax Lien dated 5/03/18 $ 5,719.40 #2 – may have owner info but have not called yet.