It usually shows if the property is a REO and which bank is the owner.

I’d Improve it by maybe ten grand to get it decent and over time you can accumulate cash flow if you hold it long enough . it will usually rent well if it’s in a poor area .

Usually around 5k

The extra 7k would either come back to us or immediately pay down the new note. 

@Abel Curiel I've reworked my budget to squeeze an extra $1,000 out of it for the year but unfortunately my income doesn't allow for much more than this. 

You need more than just a payment.... investments typically need 15-25% down per property plus closing costs so that's usually what another 2% or so.

having spent a decade in the timber business in Oregon I call it Oregon porch time.. these are not inner city dwellers these are folks that you need to sit with and talk  have coffee and build reporte'if the homes are nice and clean and saleable probably tough to buy under market unless your good at looking someone straight in the face and telling them their 300k home is only worth 200k.. that is a moral issue.Also be aware that you CANNOT legally sell a home you are not in title to in Oregon.. its selling real estate with out license and don't listen to all the people from all over the country that wholesale.. many states its an accepted practice in Oregon it is not.Also if your flipping homes IE coming into title you also need a developers license in Oregon  talk to @Karen Margrave she just got an education on this.. the state is cracking down on flippers.. its a 5k fine.. usually 1k first time. 

Usually, the notice of sale is recorded immediately after the lis pendens is recorded.

I know a lot of people go on about how you don't need a Real Estate License in order to invest, but I could use the extra money, and I think it would provide a good learning experience, and I wanted to... so, that's that.

Selling for retail on the mls is usually the best route if you’re a seller and can do that