Most of them get bid up to about 80% of ARV, not much meat left for a flipper.

If the house is worth enough, someone bids and wins, you get paid off and again, I lived there for free.

I've a tenant moving out within the next few days and have a General Inspector lined up and also need to have contractors come in and give us bids for rehab, my question is for out of state investors: How do you stay on top of/manage projects being done without your supervision? 

If they reduce price by the cost of the expenses plus a little bit for time it is the same property that you were willing to buy and hold except a lot of things will be brand new and less likely to break in the near future.In terms of negotiating don't expect much more than the contractor's bid off the purchase price if these sellers aren't too emotionally involved. 

Secondly, you should walk the property with a contractor and get a bid.

Contractor gets the materials funds up front, but the final draw payment is not refunded until you refinance; must have only 1 contractor bid and do a mechanics lien at closing [if you have more than one contractor it won’t work]; MLS deals work, but you cannot have an assignment of contract; etc)What other value-added services do you provide that other hard money lenders do not?

In fact, I have a deal you might be interested in and I'm looking to connect with a few remodeler willing to come out and give dependable bids on the wholesale deals I'm creating.

@Richard Licon some additional nuances to consider: Only track notices, or all foreclosure-related activity as well, such as Opening Bids, Postponements, Cancellations, Winning Bids, New REOs, etc.?

Looks like tax lien from private seller.Do I understand correctly they've bought an $85 tax lien with interest bid to 8% and now selling it for $1200 so that's where this investor makes their profit?

I've gotten bids from piering companies for other properties in the area and feel like I have a reasonable understanding of what average and worst case scenario costs look like, etc.