thanks, AK if anything, the tenant bidding on the property means that they are happy with it and probably intend to stay long-term. that could also mean that they are ready to own and may not be renewing their lease. i wouldn't think that they would have bad blood because they were outbid....u never know though!

I'd double check the list circulating.

Actually in my blood.

It’s not worth your time and energy to try to get blood out of a turnip.

Please stop telling folks how much money we are making down in Athens Georgia by University of Georgia ;)Shout out to @Steven Duffee and wife Donna, whose blood sweat and tears helped turn this dilapidated condo into a money making beast!  

They may also try to continue to undercut each other by marginal amounts each time – after a certain point there’s no sense string them out too long trying to squeeze blood from a stone.

It took about 1 year from start to finish, but the rewarding feeling I got after all of the literal blood, sweat, and tears of 1 year of very hard work, was worth it all. 

sell your car, watch, cell phone and blood. 

@Scott Trench I agree with you about the quality of the market segment you are targeting and at the same time be very careful with the thinking that a blood bath in high end rentals will not impact the lower end properties.

Now doing that many rehabs is a little different, but 20-30 rehabs is completely feasible.I know it sounds like a lot, but, Isaac, I see and meet a LOT of new investors that just want to do their first deal or two, and seeing one that has done the first five or six and has the deep desire to grow their business just gets my blood PUMPING.