There are still other factors to analyze before making that decision.

It can be discouraging for newcomers.Solution: Develop resilience and learn to view rejection as part of the process.

Cash Payment: Decide whether you'll finance the purchase or pay in full.Future Resale Value: Factor in potential appreciation of the property.2.

So, that adds to the risk more-so for a novice who doesn't know how to factor in that risk. c.

Quote from @Jason Hatfield: @Jaycee Greene  they require a non refundable deposit and give 48hrs to see proof of funds I would suggest developing a relationship with an HML/PML that would give you a "guidance line" that would basically be a "pre-approval" for situations like this to present to the buyer/auction company.

But there are bunch of factors to consider there. 

There is the inconvenience factor but it might be cheaper for you and your friends as well.

Not only will it possibly save you a little money, you'll develop skills and figure out the nuances of real estate investing that you can't learn from a computer.Out of curiosity, what type of properties are you looking to add to your portfolio?

.🏗️ Being part of a real estate team is one of the most valuable skills you can develop.

Vacancy and maintenance factors should be higher than for Class A or B.