Id love to tell you that you can build a really slick spreadsheet and it will work out to a T. 

If some stay and some leave that is on them to work out between themselves.

There is a lot you will learn in this process and if the investment doesn’t work out that is a pretty big hole to dig out of.

The landlord will want to know that if your business model doesn't work out that they will still get paid.

I would advise you to expect most auctions on auction.com to not work out well but then sometimes they do.I would be interested in hearing about others experiences with auction.com, what went well and what went poorly.

They work out of wall street and I might have an opportunity to work with them but I'm not sure how legit they are.

If things work out reasonably well I hope to procure additional properties in the same market, though, so ideally once I build a team up I won't have to worry so much.If you haven't already, maybe pick up "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties" - I believe it's available from the BP store and elsewhere.

Ask the seller to carry some paper for a while and work out some terms that work for both of you.

The mortgage is has less than $160,000 left on it"In purely speculative numbers let's say the house is worth $265,000 - the capital gains tax could be $15,000 or more depending on how the numbers work out.

It's not common that things work out this way and I assume you had some experience in investing or had great advice on how to buy.