Automate your business as much as possible - use voice mail for seller leads/tenant issues, create good Statement of Works for your contractors, move majority of relationships with insurance agents, contractors, etc to email first communication.4.

THey take advantage.Do some research on properties around yours and maybe even yours and you will find many examples of properties losing the majority of their value from 1 transaction to the next.

There's also buying futures on the Case Shiller index for any of 20 major housing metro markets; it purely measures changes in repeat-sale home prices, a proxy for refurb projects.

It still caused major anxiety.

Securing those local bank relationships was a major victory.Based on that previous experience I tried something different this time around.

At this point you can close or forfeit your escrow deposit and consider yourself fortunate you found whatever major issues you did prior to closing on it where the cost would have been much larger.

Heres the situation, the tenants currently renting the property are paying $1150 month and complain to the owners about major repairs needed.

Typically from what I have been reading there is a lot of uncertainty from the people that have used the site to bid on properties.With that being said there are a number of people that claim it is legitimate and the major problems stem from lack of due-diligent on the part of the bidder.

It's a reasonable indicator of an ARV for the neighborhood if the property was in similar condition to a majority of the sales.

Sure, that's possible if you mix a few low balls (the majority of deals) and one huge winner into the bag.