As long as I find out the auction were from 1st lien's trustee, then I could go ahead to participate bid?

The landlord then said to me as long as someone is in "possession" of the unit, I would still be liable.I ask if this person does not qualify for their own lease, what coarse of action to I have to get my name off the lease.  

@Nick Stenger,It can be done and it is not pushing the envelope as long as you have an area that is exclusively used for business within your home.  

As long as you have a rental income and make your payments it doesn't matter unless of course you decide to sell.

Bottom line as long as you have the ability to repay and the valuation of the asset is sound you won't have an issue finding a lender willing to work with you but your first question will be "do you offer non-recourse loans".  

As long as you have it documented and they ruined the microwave.

My RE attorney told me that anything can be put in the lease and as long as the tenant is aware that they are signing away their state given tenant rights its an enforceable contract.  

The low cash flow while you are at the 15 year amortization, vs higher when you refinance.If you goal is to pay down the debt, and refi in 5 or 10 years, then you should suck it do for the first 5-10 years, as long as you can cover you mortgage, then, when you have a smaller mortgage to refinance/:at 15 years Amort after 10 years of payment you have less than half the balanceat 25 year Amort, after 10 years of payment you have 75% of balanceIf you take a look how each mortgage ends, and what you will do at that point, you will have your answer.

Wholesaling is not illegal anywhere as long as you get a contract signed.

I'll probably go ahead with it as long as everything else looks good.