I've been discounting the duplexes because most provided a negative cash flow and I've heard Brandon say once or twice if you don't make money on the day you buy, you bought a bad deal. 

I just bought a 3 family house in Central Ct with Fha as my first property.

We have a few good ones now, and good contractors are worth their weight in gold!!!

So, the bank assumedly "bought" the property at a "real" auction because (1) it wasn't happy wtih the bid amount, or (2) it wanted to pursue the owners for the negative equity, and needed the property to sell at the fair market value.That makes me think it is clear this is the primary lien. 

I would work with either, but I settled on Jacksonville because I know Florida better than Dallas, Houston or Memphis, and the properties I bought has the right ROI and purchase price. 

The guy bought the home and did a lot of work in '12.

@Adam Fansler we found one that we signed a contract with for the 3 homes we bought, we are in the process of renovating the first one so we'll see how we like them, thanks for the additional recommendation.

A few years back I bought a 3300sqft single family home for 650k in SilverSpring,MD in a new upscale development that has a mix of townhouses and higher end single family homes (VA loan).

A few years back I bought a 3300sqft single family home for 650k in SilverSpring,MD in a new upscale development that has a mix of townhouses and higher end single family homes (VA loan).

We bought a duplex with a 1 bedroom apartment above us where my sister in law rents.