Again, a grocery store may be easily converted into a retail department store type thing, but a grocery store going into a building that simply has open space can be very costly due to plumbing and food storage equipment.

You are the deed holder, so you can start eviction even though the first mortgage is in place.  

A note/loan originated in accordance with federal laws, doesn't change its stripes just because the next note holder isn't an institutional or regulated lender, there are expectations and requirements that follow with that note.

He could pay for all of your living expenses, clothes, food etc without ever worrying about "gifting".Basically he can pay for anything he wants and only gets dinged when he moves large sums that show up on a bank statement and needs to be explained.This allows you to keep your w2 income for the property purchase.

Checked the auditor's website and that Lien holder sold the property to another LLC in January of this year.First question is if it's reasonable to assume the LLC that bought the property in January knows about the sheriff sale on Wednesday?

Yet, at the one end of the mall, they knocked down one of the former anchor store's building and put in a large new supermarket and a large Menards store, along with some other small strip malls, fast food joints, etc. so there is some hope for the future over there.The condos can sure be cash flow machines as Dawn is laying out for everyone here, that's quite a nice return there!

Finding the section 8 voucher holders has actually been a lot easier than I imagined.

Could i possibly get a loan or something and make them first lein holder or and just pay them back when house sells? 

Then if you don't get it the excess funds would go to lower lien holders then the foreclosed former owner like any other one.

Caleb it takes these types of things money to rent the space, have food if any, and pay for materials etc.So those 200 buck things are likely breaking even.