This is a property that is near a university, so technically it makes sense to me, but it(in my opinion) grossly inflates the value of the property.

In my opinion, inflation rates are extremely understated, please see these two articles that drive the point home:http://www.businessinsider.com/if-people-knew-the-...https://www.zerohedge.com/news/2017-05-09/devonshi...Essentially, in times when the dollar is depreciating rapidly, in our situation due to excessive years of "easy money" and quantitative easing by the Fed, low fixed-rate debt is the best tool to combat inflation.

They want to charge you all fees incurred in the sale, so realtor commission in your auction fee and large closing fees unless you chose title and then you pay both title and closing which is about a wash to their inflated closing fee.

The fact that owning the bricks and mortar is actually a liability not an asset as equity grows and ROI diminishes to the point of no longer keeping up with inflation. 

You will start hearing inflation is real now. 

It's interesting, because I've stayed with the PM for a long time because I do trust them, at least in the sense that they are honest and would never steal and don't do things to purposely inflate prices or anything like that.

Multiple quotes are needed for each phase of construction, which makes sense, to make sure the costs were not inflated.  

More than inflation? 

Either way, we are still at historic lows.If the govt. gets their proposed infrastructure plan approved, expect an already tight labor market to heat up, causing inflation and eventually Fed action.

In my opinion selling the deal off is easy (if you actually have a deal and not a typical inflated ARV, and useless rehab budget) as there are TONs of cash buyers out there (I am on wholesale lists with over 150 other "investors", and I imagine we are the second string, getting the duds their go to investors don't buy)