Under bidding, poor quality, not following timelines - those will all kill your project.

I would be happy to have them move the large storage shed and its whatever contractor provides an acceptable bid rather than city employees doing the work.

Coffee stains under the fridge or a dust bunny in a corner, not if you want the 5 star review and the repeat bidness 🤪 What would be included in a deep clean that is not normally cleaned?

With $150K, you have a solid base to bid on several properties, depending on the local market prices.

I've regularly attended the auction in Brooklyn, but never bidded on anything.

However, my number 1 went under contract before I could place a bid. 

I spend a few hours a month paying bills, answering questions from my PMs and approving large bids, and then occasionally handling a turnover.  

How many houses have you seen and bid on so far?

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?

I've tried to bid on a few notes, but I believed I was outbid or they never got back to me.