I'm preparing for my first Local tax deed auction.

Another real estate investor bought the house at auction and used the other hard money lender to make a loan on the purchase.

You can buy houses at foreclosure auctions, through HUD or VA foreclosures, you can advertise to attract distressed homeowners and buy directly from them, you can buy through wholesalers (someone that finds a property for you at a low price) and more.

I'm toying with the idea of hiring VA to search hud and other auction type websites to run an analysis for me and deliver the best 30 a week for me to possibly write offers on instead of me looking through 300 a week (which I usually burn out from quickly) but searching through the VAs, I dont really see that skill set written about.

I paid 17k at auction and sold it to her son for 40k. 

If the tax department cannot find a property owner then in time the property will go up for auction due to the unpaid property taxes.

The area is in somewhat high demand, so I don't understand why they won't auction it off.

I flipped a few homes off of the auction block in Phoenix and learned real quick how bad people destroyed their places prior to leaving.* Hey Kyle!

I think we will see more homes going to auction now since short sales cannot find buyers.

Eventually, once the property was appraised by my bank, at $140,000, the seller dropped her price to $170,000, closing costs not included.The seller bought the property at auction for under $80,000 a year ago.The property is currently generating $2640 a month in income.I'm pretty happy with the purchase agreements.