Should pay you up front and at time of exercise if done properly.Both of these strategies are extremely uncommon in most markets these days so you should have plenty of time to research LOAs while you hunt for one. 

My husband and I are serious about starting BRRRR and researching now where to live.

My parents can bid on the house themselves, but that requires coming up with $500K in cash, which (the attorney indicated), added to their court judgment for $200K, would give them the buying power to bid up to $700K.Questions:On #1: What do we go about researching the likelihood, based on historical trends, that the house would auction for less than 700K, or 70% of market value? 

I've been researching for a few months and lurking on these forums for a while, and have a question about where to find investors to fund deals.

@Patrick Daniel i actually did get one of those market analysis and it was quite impressive but honestly found it useless. not enough to warrant my time to go through. basically i found a property i liked, received the market analysis of comps in the same area with identical features and all that stuff and basically was 50+ pages. i already knew going in where i had to be at, but it was interesting to see that comprehensive report.....not familiar with a buyer's list but will do some research on that. i think with me being new and having specific criteria (e.g., no complete rehab), thought mls was the best route. interesting. 1 out of every 95-100 offers...interesting stat. 2 rejected offers on the same property, so a long way to go haha. it's very tiring to look at so many properties only to find maybe 1 that falls in your criteria and then only to get rejected. the waterfall of looking at properties to getting an offer accepted is demotivating when i take a step back and look at that conversion rate (i'm a digital marketer full time so i look at it from that perspective). thanks for the responses!

I would say you need to do your research and find at least three court cases in your county or area that are very similar where the judgement has been in favour of the landlord.

I think it worked out well because of the close timeframe, and the junior mortgage company probably didn't have a lot of time to negotiate or try and research the situation too much.

We did the research and saw that it wasn't a bad deal and made an appointment to meet with them. 

I have also done some other research and have read about Fannie Mae home-style loan which basically encompasses what I have been saying and combines the cost of a "fix-er-upper" and the cost of said repairs, and wondered if this is common.

I would recommend researching each community as some are not as desirable as others and offer different amenities/ HOA fees.