Inexperienced bidders therefore get their hopes up researching properties that aren't actually going to be sold - and in the competitive auction spirit, wanting to not go home empty handed... they end up bidding up the prices on whatever leftover scraps do make it through to auction. 

Depending on city/county the time frame to get plans, specs, permits done and approved is 12-24 months. 500 feet with inexperienced owner hopefully with contractor who marks up the cost 500 X $300 foot for moderate construction or $150000 cost.

I am young and inexperienced however I'm very determined to succeed as a property owner.

im sorry I'm a novice and inexperienced, but would PP be based on before Repairs or ARV?

Also drove around to experience the traffic and went to the Japanese Tea Garden by the zoo.I didn't fully explain in my post.

Not sure why,  but probably they desire the privacy and if they are going to the trouble of trying to scam an owner they might as well do it with a house instead of an apartment,  and finally its more likely to find an inexperienced LL to take advantage of in that space I think.   

I think your theory is right, it's an indirect way to limit evictions or slow them down by making getting a license as hard as possible (and hopefully inexperienced landlords just give up on getting one.  

Not my cup of tea.

@Troy Patt this seems to be one of the most common questions on the forums lately, so here's the response I've posted in other threads:One of the biggest misconceptions by inexperienced RE investors is that new houses are inherently less costly/less headache to maintain than older houses.

I would do my best to hold it for the long term via a DSCR loan instead of selling.There are ALOT of unfinished projects hitting the MLS due to out of state, inexperienced investors using shady contractors and having unrealistic rehab budgets.