Hi.I was wondering, how do people trust others with their money without knowing them?Investing out of state without knowing the people seems threatening.I wonder how people build  local teams without traveling there? ...

The lack of basic legal knowledge and the ramifications of investor's in the unknown is par for the course. 

You may see other bids from the auction company itself but if it stays on the market, they will get the hint of the true value.If it allows inspections, take a contractor and have them give you a scope of work and conservative (higher end) bid to account for unknowns.

It's hard to work up enthusiasm for going and doing an estimate -which takes a good while to do properly - for an investor with an unknown track record.

The biggest factor/ unknown will be the support underneath which I will have a structural engineer take a look at.THE GOODI am quite sure I could offer low 30's for the property and he would accept. 

I think I'll just be content with the unknown on this one, but that was my guess.

Hey BP, although I can basically generalize that I could flip any property within 2-4 weeks, I am crippled by the unknown of selling.

Sometimes a person or persons unknown spills the entire bottle of Downy on the control panel and it leaks inside the dryer and corrodes the board, which causes it to go nuts. 

Way to many unknowns to answer this question.

There is a little bit of estimation and guess work for figuring out vacancy rates and maintenance rates, but otherwise these numbers are pretty solid.Appreciation properties are way more complicated to break down the numbers because there are so many unknowns that can affect the property's ability to appreciate.