There is no time to waste.

Estimated ARV: 673kSeller’s Asking: 575kEstimated Repair: 30kMy question is does this seem like a waste of time because no one has put the property under contract, it’s been listed twice, and the seller is firm on his asking price, and it has been for sale off market for a few months now?

However, it’s basically wasted space at this point and is about 1000 sf or maybe more.

It is a waste of time if they are moving out anyways.

As such, seller wishes to minimize the length of time he holds the note, which means maximizing the likelihood of the buyer being able to refinance with a bank.

The idea is tenants will get more stuff and the stress/expense of moving will make them less likely to leave resulting in lower turnover and higher occupancy rates.However I have seen many investors appearing to spend minimally on storage space and cabinetry to save money.Opinions?

To get this going here's my advice for getting started ASAP:Determine your buying criteriaThis is huge because you'll waste a ton of time analyzing properties if you don't know what you're looking for.

I keep reading mixed reviews..some say no waste of time and money - possible to grow as an investor without it and some say that it will help in the long run/perks of access to MLS etc etc.Would you recommend it?

What strategies do you use to minimize the risk of being outbidded?

Minimizing vacancy is key if you decide to go with lower price points; but cashflow is much more attainable in this market.