Third would be just about anything else, although you shouldn't pull up in some luxury or sports car.

=====================================LOL====================================="wow this guy goes on and on...he's like the energizer bunny...he doesn't quit".....Well when you're rich son of a ***** like me, you work at home, and you have no more cares or responsibilities and you're no longer in the rat race...well what else is there to do but go into forums to philosophize and to do some online gaming. ha ha."

Wouldn't you take $20K to let someone else teach you how to do this?

Hi Ryan,thanks for the helpful advice. that is pretty much what I thought. the reason I brought up the possibility of buying the second trust at a discount is to better position myself vis a vis the "tenant" who has put so much money into the house and really wants to buy it.that is the most positive thing here for me: someone else wants the house. if I hold the second trust and the bidding goes up above the first trust, penalty, interests and costs, wouldn't I be in a reasonable position with respect to the other bidder(s)?

Does anyone else feel like this is just too far?

All my friends and family are switching over, why not with the new policy change all of us as of this Janurary can switch are rental properties to a 2% or lower rate.See for yourself at 2percentmortgages.comMy family and all my friends have switched over why not everyone else?

You would include holding costs, rehab, downpayments, and anyting else out of pocket.

It's always nice to have someone else around who seems to know the gig who's always looking for more answers and knowledge.

Does anyone else besides you and the original lien holder have any claim to this property?

How many times have you gone to an open house or gone through a house with a realtor and asked "Do you know of anything else interesting"?