If for some reason, you're inhabitant wants to sell or rent it out for market value at anytime, you all still win!

So it's really a win-win.

They will have slightly less paperwork and be more eager to win your business.

It was supposed to be only  1 and once we dropped back to 1 we could instantly see the difference.

As the saying goes, the house always wins...  

It's a huge win, and I admit, at the top end in terms of outcomes.Most deals are leaving $5,000 - $15,000 post-refinance but still nicely cash flowing.In short, yes, there's a lot of opportunity in Detroit but you really need to understand the market or work with folks that do.I'd be happy to chat with you or anyone else looking at the market there.

Are you experienced enough to pay that and waive inspections to win?

But if the blue sky materialized then repurchasing that equity could still turn into a win/win.

Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The more we buy the better the discount so I am contemplating opening it up to other people as a win/win.