Ask them a lot of questions about their loan programs and the costs associated.2.

You can use your own funds, use a HELOC or do a cash out refinance to cover the costs.

Hre are the key things to knowWhat you are bidding on - often oddball properties that are hard to identify and have little value are auctioned offThe true as is value of the property, The tax assessment can be way higher or way lower than the true as is valueThe local laws and how they affet your total costs and returns

Your property is fairly destruction proof, costs near nothing to maintain, yet you can charge above market rents.If your property is nicer (class B) where the carpet alone might be $6k or more to replace when the tenant spills hair dye everywhere, you won't be as happy as in the situation above.  

My questions is about opportunity cost.

Houfy now has a damage protection plan that costs the guests $5 a night and does light identity screening through SuperHog. 

not sure if PP cost money for BP members does it ?? 

But once they give it to you, you inherit their cost basis and have a taxable gain.

Then do a 'seismic strapping' to aid in halting further movement.IMHO this should cost closer to $20,000.

A friend of mine, Ryan, who invests heavily in Baltimore, realized his interest costs were eating into his cash flow.