From there, let the market do its best and you will ride out any storm and better yet ride any long term wave.

I would say it depends upon your real-estate goals.If you are looking to create passive income and ride the wave of appreciation as home prices go up, I would say you should probably hold onto it.

If a person can buy something economical in a more expensive market like So cal area and be able to ride up the wave in the market and house hack or rent out the property after at a profit then sure but in some markets thats just not probable.

So I left.As we possibly enter a second wave of covid, I wouldn't be suprised if more people left urban centers short term.

You cannot have due diligence done until your bid has been accepted (Like in any other real estate transaction) So, waving this $12,000 to bid with is laughable.

I don’t put my phone number in my ad, I respond to each inquiry through email with my first wave of qualification questions, this will eliminate a large number of people who would never qualify in the first place, and the people who are casting a large net to find the uneducated landlords that they can take advantage of.  

The activity comes in waves in Maumelle and after 20 years in the market I still have not figured it out.

It is fun to ride that wave when you catch it at the bottom, but starts to look pretty scary toward the top. 

Waving cash around seems to open doors (literally).

For some info supporting things Nationwide Will and Jeff S have stated, check out these links:Delinquencies Continue to Climb, Foreclosures Flat in Surveyhttp://www.biggerpockets.com/links/1302-delinquencies-continue-to-climb-foreclosures-flat-in-surveyWaiting to catch a wave?