It’s their full time livelihood to make transactions happen.  

I am not quite in that boat of disposable income that I could stomach losing, but I have determined a reasonable strategy of maybe going in 1k at a time on a 3-6 month journey to 10x 5 to 10 transactions.

Eliminate transaction fees2.

From what I have seen, the typical remedy is termination of the contract, refund of the EM deposit and all expenses incurred by the buyer during the failed transaction.

Consequently,  there's rarely enough of a deviation in price between these auctions and what you can buy on the MLS/elsewhere with full diligence capabilities to make these transactions worthwhile. 

Without a firm base and working familiarity with these three areas the investor will not have the knowledge to analyze, negotiate and close advantageous real estate transactions. 2- Experience - the first few deals are likely to be smaller, harder, with more “surprises” and not as profitable as the investor imagined.

Originally posted by @Duane Alexander:Can resimpli replace propstream to look up property information like remaining mortgage, tax information, liens, mls history, mortgage transaction history, etc?

This would reduce your concentration without having to worry about doing a 1031 (or multiple) transactions given the value.

.- These fees are due at closing and are part of the overall transaction costs.6.

Existing-home sales, for example, hit their lowest level in nearly 30 years in 2024, with just 4.06 million transactions.