(You will get the money you paid back - although it took us 4 weeks for that to happen in our case.)The big thing to know is that bidding on auction properties involves A LOT of risk.  

I know some of the folks that have been involved in our content may be in deep trouble and could lose their investors capital.

Definitely need an attorney involved in this one.

Your options would be to sell it, and most likely take a loss on it as you also will have closing and realtor costs involved which you can assume that would be 10%.

@Jason ColemanUnless you find a cost segregation provider in Greensboro, travel costs will be involved.

To be fair, in addition to buying all those houses over the last 3 years I also dealt with an eviction, $47.4K in capital expenses, insurance claims, building teams in my local markets, and all the other nonsense involved in this lovely industry.Anyway, I finally got around to putting together a complete general ledger and had the horrible realization that over the last two years (bank and credit card record limitation make it harder to go back farther)…….. between 2022 and 2023 I have been $17.5K cash flow negative on $171K expected rent !!!!!

.: @Dan HeuscheleNo, I was just bored, and I set these two off, and in retrospect it would been wiser not to get involved in the hissy fit that this thread has become.Regardless, I got some entertainment out of it.  

The most interesting issues involve communication with subs.

I'd love to connect with locals who are currently involved or planning to get into the short-term rental market.

Additionally, I’m unclear on how their ARV analysis is conducted since most properties can be found on Redfin or Zillow — does it involve an in-person visit, or is it purely data-driven using comps and suggested repairs?