If you send to the actual home address, but it is unoccupied, you would be relying on them having their mail forwarded correct?

Holding a person accountable for an annual update should be a best practice for landlords (their doctor prescription letter is only good for a year anyway and needs to be re-submitted). 

especially if the balance is owed noon the day after the auction3. can a hard money purchased loan property be re-financed to traditional lending once purchased?

I figured this would be a nice opportunity to get involved in real estate and by purchasing from a family member, I had time to learn and adapt.

A lot of questions here...As your dad has a 50% interest, and a trust owns the other 50% of which you and your two siblings are the sole beneficiaries (I presume), it might be advisable to, after the trust interest is distributed, to have your father, you, and your siblings contribute your interests to an LLC in exchange for shares of the LLC (usually called "units").The property would be re-titled in the name of the LLC and the LLC can use it as collateral for a loan.It's usually highly advisable to engage an attorney to draft an operating agreement in this scenario to get everyone on the same page about ownership interest, who is/are the managing member(s), what happens when someone wants to sell -- do the existing members get 'right of first refusal', what happens if a member passes away, etc.

For me, the smartest investment as a military member (I wish I would have known years ago when I joined) is to buy a plex of sorts with your VA loan and house hack the heck out of it!

Hello fellow BP member,I am both excited and terrified purchasing my first rental property in Rockville, MD today.

I only have a single bore on the fronts so will look into a storeroom lock where it can be re-keyed as tenants move out.

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The contents of this post should not be relied upon for legal or tax advice in any particular circumstance or fact situation.