Online Auction Property - Walk through possible

[Brittany Minger]

Hey folks, I'm eager to learn from everyone! Here's the scenario... I'm looking at a property at an online auction. The county clerk mentioned I could schedule a time to look at it to do an appraisal. At this point I've been in learning mode, and this will be my first property (I'd like to wholesale it). A couple specs: property is currently unoccupied. Depending on how much the property goes for, I may not need to rely on hard money lenders, as I have a partner also investing. Time between 10% down and final balance owed is 2.5 weeks.

I'm trying to wrap my mind around all the moving parts, and want to avoid using HML if possible. Here's my thoughts on next steps... Schedule a time to view the property for inspection and pay to have an appraisal done. Also walk through the property with a contractor to get a quote on repair costs. Identify ARV with some comparable properties. Calculate what the max bid is going to be... and bid with the best of them! IF winning bid, work with both title company and attorney to get the property under contract. Work off of buyer's list to move property before the final balance is owed... title company and attorney get involved once again.

Can someone shoot me straight? Or let me know if I've overlooked anything? I already know I'm overthinking this, so no need to point that out. :P

Thanks a million BP friends,
Brittany