I've always used a good EA, but she's not much help when I have questions or need input on strategic tax planning vis-a-vis my properties, so I need your guy!

Toilet was $5, towel bars and toilet paper holder $1.50 for all three, 8 light light fixture $2, discontinued pedastal sink at HD $10, faucet free and mirror free from a friend.

(We're not discussing seller financing, below market financing or assumable financing here, that's a whole another discussion vis-a-vis the relationship of value to below market financing.)What the Professor is saying is that real estate values have NOT increased in "real dollar", when you exclude inflation from that equation.Once upon a time, a long time ago in a distant land, the distance measured in a few miles, before the current real estate crash; I discovered several pockets of real estate that were somewhat isolated from market fluctuations in value.

If the bid exceeds the total due on the HELOC, then excess proceeds will be delivered to the lien holders in succession.

FDIC insurance goes with that account holder, then you can have joint accounts.Then you need your personal account, never pay personal needs from your business account or the other way around, it can mess you up in an audit.

At this time, this is all family members that I am approaching.1. second lien holder on my primary residence in return for $80-$100k loan at about 7%.

First, this obviously is a foreclosure by the HOA.It appears the first mortgage holder got a judgment for$1.2M, but it may not have gone to auction on that judgement yet.

My company wholesales properties there to Buy and Holders all the time.

Make sure to update address so you get any mail sent to original note holder. 

The chances of you contacting every lien holder, negotiating a huge discount, and successfully getting all those docs into escrow is very small.