Assuming it was a bluff i went a little higher (about my max) and sure enough another buyer won.I found out a year later when it was related, the wife of the flipper was also an agent and I believe might have worked for the same company as the listing agent.

It's all relative...and you should ask yourself, what was your opinion of real estate in 2008 - 2009? 

This is the first forum where someone actually gave me some concrete info which related to my question.

I'd like something that's relatively cost effective, so central air is likely out of the question.Does 3 zones make sense?

There is no better place to find information on everything real estate related, as well as meet people who are already successful in your market.

If it makes any difference, I also own another house that's fully paid off, but currently does not generate any income ..a close 70yr old relative lives in it rent free, she does pay property taxes, insurance, and utilities. etc., so nothing is really coming out of my pocket, but that will be another source of income when the inevitable happens.

Definitely start jumping into the community here and feel free to ask any questions related to Real Estate investing!

@Justin Holley if the uncle won't do the deal without the relative being involved then he isn't sufficiently motivated in the first place for a subject to.

This is a relatively new concept to me and no one in my direct network has experience with these types of transactions and tools, so I'm in the dark.

It's all relative and would vary depending on the specific market.