because if it's much more on top the 5% buyer;s premium my margin is going to be pretty skinny..... this is my first home search auction and i only just figured out the whole straw bidding thing 

I found out by calling their business customer service and getting the skinny from reps.

If they're paying a decent amount, they're not completely skinny tenants, are paying on time, and they haven't trashed the place....why wouldn't you keep them?

Ended up making less money then I should for my efforts and there were some very skinny deals.

You want to do an Auction Flip (the absolute fastest way to to get a bundle of cash - provided you have the skill to pull it off - cash in hand within 7 weeks - as is- all cash and no contingencies)Some suggestions:Use a Skinny easy to understand contract offer with full profit disclosuresHave you Assignment Agreement in orderDo a "Bring to Date" title and lien report - Start your marketing immediately Always ask the sell if they have any other properties for saleAlways ask ...."

Just looking at a high overview it seems like this is a skinny deal.  312k - 260K= 52K  What is the repair cost, holding cost and all the expenses which will allow you to calculate the potential profit? 

I will give you Virginia skinny on this.

Unfortunately the hot market around here has led to an overpriced housing stock that is skinny of inventory at best.  

(try Power Prospecting)Get the DEAL and the TEAM  will materialize.( Controlling real estate with a skinny contract is a powerful leverage tool.)So when you talk to a title company - all they are going to do is quote you a price for settlement based on your contract.

He was very excited about it and convinced myself and a few others to go for it as well, so I bought a road bike (the ones with the skinny tires that are really uncomfortable to ride).