While any deal you ID can fail to close, an auction is especially tricky and you can't predict the exact dollar amount you'll get the property for, which adds another layer of issues.

When I talked with the escrow specialist at the mortgage company, she told me part of that is because the taxes increased and the rest is a buffer predicting the next property tax hike.

The problem is predicting the bottom, which is just as hard as predicting the top.

Trade has stopped...Predictions about US economy? 

My prediction is that you buy this place and neither one of these people end up renting from you.Do not do business with friends.

Of course, i have seen the "take the expected replacement cost and divide it by the expected life and into a monthly cost" approach...but that seems too idealized to be practical, never mind that its impossible to predict how long something will actually last.Thanks,

There's word that NY wants to regulate even Commercial property's rent.I have a saying that I like to use: "If you can Predict it, you can profit from it."

A market swing or/and a miss predicted rehab cost could easily leave me with no profit or in the red fairly quickly!!!

Cape Coral was one of the hardest hit markets during the 2008 crisis and I've read predictions that SW Florida has been tagged as housing markets expected to go ugly.  

From http://www.homebuyinginstitute.com/news/top-10-markets-for-price-growth/ on December 23, 2020: In late-December, the research team at Zillow wrote: "San Jose home values have gone up 15.2% over the past year and Zillow predicts they will rise 12.1% in the next year."