The answer to your question in "high end neighborhoods" like you posted earlier is SS / REO's are SLIM to almost none in Rochester, Bloomfield, West Bloomfield, Troy, which are areas you're looking to target from what i can tell.

Money can be made but the chances of making $$ are slim to none for those who know nothing about the trade.

That's a long list of required repairs for such a slim margin.

Your odds of closing on the inbound initial call are slim to none, especially if you are planning to keep this at an ARV you desire.

I thought that also but here in texas the chances of my judgment ever getting paid is slim.

There is no question that the market is hoghly competitive right now, including here in CA and margins at trustee sales are very slim.

I see the same thing at a private golf club, (you can only join now if someone dies and the heirs sell the membership BTW) go to the bar and listen to the trash talk and not only would you understand that not only do we have our upper class, the chance of you joining is very, very slim, yet these people (the 47%) still try to identify with them and vote against thier own best interests.

It's very unreasonable to expect a buyer to do their inspection before purchasing when the odds of your bid going through are slim at best.

Of course, there's also the Nigerians, but they're easy to spot due to the badly written proposals that usually come with offers of 2% financing, lol.I don't know how people fall for these scams, but like anything, there are people who are so desperate for money that they'll unfortunately take a chance on the slim-to-none option versus no option at all.

Keep it for a while until the smoke clears and realize your profit another day, or just keep it.Jeff, what makes you think the agent has 160k, or would even want to do that deal. 160k in and reselling it for 185k is a pretty slim margin after closing costs the next go around.