@Anna Davis - I agree with Stuart that most properties at Auction need some level of work, especially for a retail/consumer buyer.

Real- Estate  is a lot tougher game now because of technology now allowing buyers, sellers to access the market using the internet without using agents but  you do have hot areas that can support  more bodies .

Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.

They were snapped up quickly by primary home buyers, I would guess. 

They are cash flow positive and have over 1B in assets ( net is close to 350million ) I’m only thinking that the seller wanted to make it attractive to sell his building having no renewal option which can give some leverage to new owner.

Understanding not just the comps, but also who your buyers are and what they value—like ranches over split levels for retirees—is such a game-changer.

Policy will not impact the market for a while, even a $25k first-time home buyer credit will need some time to work through the system.

The market is saturated with STR's further from the beach and attractions, so my advice is to be picky about your location and underwrite the numbers carefully to make sure the investment will be profitable. 

Plus knowing what our re-default rate and our buyback rate is, we know that we owe note buyers less and less on their notes as time goes by.

The market is moving, people want to own real estate, and buyers are out there.It all comes down to marketing and pricing.If your product isn’t moving, it’s time to reassess: 1) Are you getting as many eyes as possible on your product?