One quote I’ve found to be invaluable is “If you think it’s expensive to hire a professional, wait until you hire an amateur.”

Unlike auto, surplus, or junk auctions a real estate auctioneer will usually let you stop the show and take a time out to step outside and "make a phone call" or whatever.

@Libby Baugher I get all my properties professionally inspected after we strike a deal.  95% of the time it is a "waste of money," but 5% of the time they catch things I missed. 

It helps if you've already done business with them.A more common way to get this done would be to find two partners and the three of you each put in $125k in equity.Also, you don't mention if the property needs rehab but one thing to keep in mind, my experience is that your capital required to complete a large deal is not equal to the amount of the down payment.Even if the property is in pristine condition, you need more money for third-party reports, professional fees and working capital.

It is professionally  managed.What is the asking price ?

Are those professional photos?

I need your appraiser's phone number :-)Did the property values go up in the area in that one year to account for some of that 75% increase?

Build professional relationships, they will likely share documents that they use and information about title companies and other relevant services.

Now that I am putting a stake in the ground and claiming to the world- I am a Real Estate Investor, I figured I better man up and join BP professional. 

So, while Dan I sent true that since 2016 my San Diego condos would have appreciated more than when i 1031 exchanged with about 100% appreciation after 3 years of ownership, that $160,000 and rising cash flow, along with, the 1031 Exchange, 20 Year amortization and forcing appreciation, while dramatically reducing loan to value, I think was best for me and my family.Watch podcast 238 and reach out to me if you want to talk on the phone.