Unexpected pricing, having reserves is paramount!

Because what we are really talking about here is a math problem that at the end should end in a positive number ($) that only YOU know to be enough for each deal you do, the model you want to follow and the type of investor you want to be or can be based on your goals.Hedge Funds buying most of the properties at auction are successful doing that because most buy to hold based on projections that a particular location will see increase on property value so in order to out bid competition they pay 10-5% or even market value for properties ...but their model works because of gains through rentals, increase on value or just waiting for the right buyer who wants to pay JUST above market value ...having 25-50 million a year gaining 10% return is not too shabby...but thats their model smaller margins on volume.Typicaly Lenders in the other hand are in here "outside their business model" they want to minimize losses or liquidate the collateral so the money can go back to the pool again as quick as possible...very few if any have a "rehab department " with contractors ready to start work on a newly property acquired at auction... it doesn't make sense because their business is lending for investors who want to see that % gain every month so the money not gaining interest is a "cost" added to the time and $ spend to rehab or wait to sell ...Someone like you will spend the time and $ to rehab in order to sell at top $ but need bigger margins and a quicker turnaround than the hedgfunds so to compete don't restrict your area.Become a pro on your investment strategy and learn your due diligence so you can repeat the process over and over.To start these numbers are paramount to know;1.

As brokers, disclosure and the principals interests are paramount to our commissions.So you're transparent about:1) You're NOT going to be the true buyer or take title?

Start trying to make those connections now and know that you'll probably have to run through a few before you find the right fitAs @Nancy Bachety said, the hunt for a great cleaner can also difficult and having a quality cleaning crew (and backups) is paramount to your business. 

I know here in Columbus, the market is extremely competitive and having and agent and management in place at the beginning of your search can be paramount.

In reverse, if location is paramount to you, sticking to Boston area and house-hacking in a two family would be more realistic by executing a roommate situation. 

Good property management is absolutely paramount for section 8 targeted rentals. 

Asking questions on the sponsor’s track record and background in real estate is paramount to ensuring what is presented is delivered.

Running numbers on properties and better market research are paramount as an investor.

The right ground team will be paramount to your success and unfortunately there are a fair amount of bad operators out there.