Also if the VA Loan is stating it can't have extensive repairs, find out how much and how costly these repairs the home actually needs are, then see if they have a limit how much they are willing to allow these fix-ups to be.

My husband and I have done a lot of reading and his mom owns several rentals so we have some experience (although quite limited).  

I have limited income coming in now as I am a full time student but have a good amount of money saved for the down payment and repairs.  

You're limiting your potential liability to whatever you put into the basket.  

A Limited Liability Company is a corporate form with a separate legal identity.  

If it's going to auction the pr has limited authority.

Matt,Thanks for the reply.The locations are limited indeed, and I have heard mixed things about the success of absentee owners. 

I think they see the complications in selling being that it is so huge so there is a limited market.  

My contract said under $200 they are allowed to go ahead without reaching me, but then they fixed a 6-year old dryer for $125, then shortly afterwards, fixed same dryer with another over $100 charge, supposedly for a different problem, without calling me, as both were under the $200 limit.  

A lot of banks elected not to chase personal guarantors for various reasons after the crash, but that small window is actually pretty wide - the statute of limitations is 20 years in GA if the borrower signs the note/guaranty "under seal," which almost everyone does, or 6 years if not.