Offers on same days of Listing

[John Smithe]

I've been on the market for a few months...not finding any properties where the numbers work.  One duplex through the other day that looks promising (still a low 5% cap but that seems to be amazing compared to all the other properties ive been sifting through).  It went to a pending status within 2 days.  I spoke with the property manager I'm working with who knew the selling agent and apparently 4 offers came in at asking price on day 1. 

My question:  should I be putting in offers immediately before I even view the property?  I know a lot of OOS investors do this all the time....and probably what I'm up against.  It just scares me that I'm going to get roped into a property I don't want because I wasn't able to view the situation that could make a property an easy no.  I don't want to pour inspection money into a place that I didn't view that I never would have offered on had I seen it in the first place.

Any thoughts from the group?