It also helps that the neighborhood is the same that I grew up in, and I REALLY want to make this a good home that will attract a family that will help retain the value of the neighborhood.

Unless the original seller was a bank and can originate the HELOC, the seller can't just make a loan and put a 2nd lien on the property.The (giving money back) idea is probably what some sellers would use attract buyers with little to no down payments.

U can also speak with people who currently own bank cd's and offer them more attractive rates secured by your re holdings.

As far as, they find the deal attractive.

One of the main attractions for property owners is to sell now rather than 6 months from now may save significant monthly cash outlay.The feasibility of this auction method for single family homes is less clear.

How should I make my offer the most attractive, as I know investors will likely be all over this one as soon as the firstlook period is up.Should i get my contractor through it now, should i pay for an inspection if they'll allow me - what steps do I need to take so I am prepared in 10 days when the firs tlook is up (I think firstlook ends March 16th)

you can pay 10 bucks a sign at a local hardware store, or you can go online, pay in bulk, and get a great deal..i just bought 50 blank signs yesterday for 70 bucks online...but yes, i love putting for rent signs in the area to attract someone who is aleady familiar with the area, and usually the property as well

As for location, I only deal with serene and incredibly cozy suburban neighborhoods that are furnished with attractive homes.

As assets build (and you become a more attractive lawsuit candidate) additional steps should be taken to "isolate" potential problem assets.

Nevertheless, a $375 rental that's all in at $10K sounds pretty attractive.