Auction Properties – Sold As Is & Sight Unseen?

[Joshua Moore]

Hi Friends! I’ve been looking into property auctions lately. These properties are usually sold “as is” without inspection. Some have active renters, so even inspecting the property’s exterior close up isn’t possible.

Is there a rule of thumb when considering these kinds of deals?

If you were to assume a worst case scenario in repairs, how could you factor that into the numbers when doing math on the deal? 

Or is it always a bad idea to buy a properties with no inspection or walk through?