If in a second lien position, one also must assume that the first mortgage balance will have to tack on interest, fees, and legal costs if it becomes delinquent pushing up the second lien’s LTV position.

I work with many investors, and have done myself, who are looking to get rid of the continuous unknown of maintenance fees and get into a new property that needs no capital improvement for over 10 years. 

I would have to pay for some legal expenses for deed work, etc and relator fee so,I would net around $55k .trying to determine what makes most long term financial sense. 

It does include a fee for my time as GC (I've made that mistake more than once, live and learn) and all finance related costs for 12 months. 

Almost always the starting bid at the auction will be the amount that is owed on the note plus the amount in arrears plus any other applicable fees and penalties.

Further, any knowledge needed can be obtained by purchase of a “mentorship” program. 20 plus years ago, I had an investor in my mortgage funds that told me he no longer needed to invest in my fund, he would originate and fund loans himself and earn what had been our fee (points).  

Their fees are pretty low compared to some and they have answered every question I have had the last 10 years since I started mine.  

You are interested in investing in duplexes to 4-plexes in the Midwest with light value-add opportunity to refinance out equity in a short time and go shopping again and what markets to do this.You also asked which strategy works to scale your portfolio well for beginning investors and we also recommend the Buy, Rehab, Rent, Refinance, and Repeat method.First, I think stacking duplexes is the way to go as you should always have a rent check coming in and they are found on the market more commonly than triplexes or 4-plexes.

We charge a trip fee. 

I compiled all the facts that I had, I found plenty of comps, Comps for my cap rate, Information to back up the vacancy rates, info to get my management fees lowered and insurance and 2 appraisals I had done a year earlier.