Figure I better play it safe), and to have some nice glossy tri-fold brochures describing my business printed up within the next 2 months.

We started the project with the option of keeping the property long term, but another property I was in contract with folded so it didn't stay any longer as a long term holding option.

That would be Ned Carey - moderator hereNed Carey - state representative in MdNed Flanders - Character on The SimpsonsNed Kelly - Australian fold heroUncle Ned - A character from Family Ties@Ned Nav - an Member here on BP

There are some risks to this strategy, such as more debts being levied on the seller and further encumbering the property.The idea was two fold, one to buy some time to work out the funding and two tie up the property so that no other buyer could purchase the property without going through you.

@Christie Duffy it was IQModular but they just folded.

Stand firm David, often a situation like this will have the company play hard ball with you at first in hopes you fold.

New owner may not raise HOA fees 10 fold overnight, but he may come up with 20k cash call for improvements / replacements.

@Patrick Wheeler  most cities have bidding services... not sure if yours does.. and of course auctions are down all over the US the bidding services may have had to fold or retreat a bunch.when I did this for a living. .I had 6 door knockers and 4 folks that covered auctions every day in 3 counties and Friday in Clark co Washington as sales were held only on Friday.in some states its once a month.. those EASY states to deal with.. in Oregon and CA they are daily you talk aobut a lot of work....

But you get real, green folding money in your pocket each month (in buy and hold for example) from providing a real service to society.Pretty simple business model.

I was much surprised when I checked last year and found that the RICH club had folded up after COVID and did not pursue online existence.