Currently, I have a bid pending on a new property and I am very confident that I will get it approved!

Will they take less depends on if they have determined that the house is worth less than the FJ, and they decide to take less now, instead of later......otherwise they will bid up the FJ amount.

There is limited supply of multifamily properties in Baltimore City and demand is high, so prices get bid up.

On the other hand, if a winning bid gives you the deed unconditionally, with no chance whatsoever to turn back, then yes, you should do a title search beforehand.2) & 3) Ask the County.4) I would.

First, your down payment.Last year, I sold a property for a BPer and was able to stoke up a bidding war. 

I have one more question as we prepare to bid on our first property.

If so, could you kindly advise what the process looks like to close the deal (how to bid, how to deal with banks etc.), how the title process/paperwork differ from buying a regular property, and the pros and cons of this method?

Can I bid on hubzu with this?

There isn't nearly enough information on the calculator to give me a real indication of what is actually included in your numbers...but if you're planning for $35k profit...can you also afford to lose $15k...without experience it's possible to have your holding costs be much higher...and your renovation costs be 50% over if its your first project and you don't have actual contractor bids and are just guessing based on having read J Scott's book.

I'm thinking of bidding on a triplex at a county auction and wanted to get the input from people here on placing a value on the property.