[Sugarbaby]

mortgage of a home that is pre-foreclosure.? PLEASE READ THIS WHOLE THING. SERIOUS ANSWERS ONLY THANK YOU.I was thinking of looking into one of these things, and maybe take over the monthly payments of a pre-foreclosure house. I want to live in one of the rooms, and rent out the other bedrooms. But I want to be prepared with some knowledge of the process, before I even call any of these places.So I have a few questions:1) What does all that mean? How does the whole thing work?2) If I take over the mortgage payments, that would make me the owner correct?Would I then be able to legally rent out the rooms and charge whatever I wanted to my tenants (even if it is over what I pay monthly for mortgage)?3) If I decided that I didn't want to live there anymore,could I continue to rent the place out to others, if I am the owner- even if I don't live there?4) If I would be the owner when I take over the payments, and I can rent to other tenants, how would I go about drafting a lease between me and my tenants for whatever I wanted to charge?5) Do you think taking over a pre-foreclosure home, and renting it out is a good idea for a 24 year-old who is just starting her life, and has limited means?6) What questions should I ask when I call the people about taking over the pre-foreclosure homes?Thank you for your help.