I suppose this is just part of the game where volume matters most to find the ONE right deal.

Are you planning to create a business entity out of which you with either hold and/or manage this property?

If you did not win a bid, they should have simply returned the cashier's check you provided them or given you a refund if it had already been deposited in their escrow account, unless there was an agreement between you for them to hold it for the next offer.

That said, playing the appreciation game is a very personal decision.

My wife and I are proud buy & hold investors with 4 doors (2 single family, 1 duplex) and are looking to grow as our financing opens up.   

Of course, it is crucial to consult with legal and tax professionals when structuring your business and real estate holdings.

Are you planning on holding onto it after the renos or are you considering selling?

Before I answer, can you confirm that your costs include holding costs (all utilities), transfer costs on purchase and sale, as well as the cost of the funding for the deal?

Investment Info:Single-family residence buy & hold investment in Suffolk.

I believe their real estate holdings was based on economic value.