If you are buying in a decently populated area and have over 10 units and all the sudden have 40% vacant (and it's not due to your units being trash or completely overpriced) then you won't be the only one majorly hurting in that area.

- Say you won a bid, is all paperwork completed right then and there or is an additional 'closing' scheduled at a later date?

I prefer to do draws daily for work that has been completed.

I'm a complete novice and I haven't made any deals yet.

The main reason I find is that the older lien holders won't have the cash to complete the process because of the additional funds required. 

What makes it such a discount at this point in time is that even though the municipalities planning committee GIS system indicates that they have easements established for road frontage for this lot, currently there is no road frontage.I would like to take advantage of picking up the lot while deeply discounted, but I know that no road frontage will impact potential plans to convert this over to a cash flow play (or to liquidate it later if needed) until completed by the municipality.

Always, I repeat ALWAYS do a full and complete analysis on a deal and NEVER NEVER ever purchase a property just based on any of these so called Rules.You may be very sorry that you didMake it HappenSteve

I have pics but it's all ugly demo pics and not completely finished pics.Future plans are to keep building my portfolio, possibly using FHA strategies, or possibly commercial.Anyways I thought I'd get on here and say hi to everyone here.  

I'm completely frustrated with the contact management software available on my devices and laptop.  

What i'm worried about right now is how do i not look like a complete idiot when i look at it?