In December 2024, 67.9% of homes sold below the asking price, indicating potential opportunities for buyers to negotiate.

Sometimes occupants still live there and eviction is not easy, and I have even heard a story once that the yakuza are involved in the construction and real estate business and exorted money from buyers through occupants in these properties. 

seems to be with the power of REI nation in the market place wholesalers would be lined up to present deals to U guys first .. invite them into your offices and give them the tour like you do your retail buyers..

They will surely be happy to add you to their buyers list! 

He will be selling the project to buyers once completed and not interested in operating.How should I evaluate this deal from an investment point?

there's a tremendous demand for inventory - both primary residences and rentals - and so buyers are willing to accept lower yield than a lot of us think makes sense. 

Set on 3.3 acres, this home has everything your buyers are looking for: a brand-new septic system, a state-of-the-art wall-hung boiler with radiant heat, and a stunning new kitchen complete with updated appliances and an island for gathering.

Some interested buyers did go under contract but things fell through in the deals.

You won't be considered a viable buyer and not allowed to bid.

Also, since you are unrepresentated, you can talk to agent about the buyer commission.