Days wind down and now they have a (knee jerk) reaction and buy something non-optimal for a property just to avoid tax penalties.Had they been realistic starting out they would have had time to locate quality properties to buy instead of looking for a Unicorn.

The location really caught our eye—close to Uptown Charlotte, which is always a hot area.

It generally is by area plus of course your location.

Also showing them how to do it and where its all located during move in walk through and it being on the move in check list that everyone signs.   

The property is a single family located in the East of Irvington, Indianapolis.

Not to provide TMI, it's a very very good location of Austin-- slightly West and it was priced north of a million, quite a bit more.

Get super familiar with your location of choice and work with people who have your best interests.

Just looked it up, it appears to be the same leadership (guessing) as they have the same phone number and location. 

Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Assessing how critical this location is to their expansion plans is essential.The Investment Considerations Lease Expiry: With five years left on the lease, your strategy should account for potential vacancy risk.