What I am thinking is that the lender is probably charging you a combination of high origination fees and points and enticing you with a low interest rate.

Here are the numbers.ARV$135,000  (Comps $139,000)Purchase Price-$95,000Rehab Costs-$10,000Fixed Costs- $13,000Profit $17,000Not a very enticing Flip total and his purchase price includes $5,000 for me which is too much now that I think about it.I haven’t been inside it yet but the pics look good and I put $10,000 for rehab just to be safe.So, Comments, criticisms,

Is this just an enticement to get more bidders to come to the auction?

It is my understanding that illegal dwellings are one quick way to void a policy assuming you can even get one in the first place.I know these illegal units can be very enticing.

With my mortgage company hat on there was not a problem obtaining 100%, I was then seen in a different light.Sound great to get 100% but be careful as a borrower enticing an individual to lend money under terms that are not prudent, regardless of how good of a deal you think it is.

Hospitals often look for "free or almost free benefits" they can offer physicians to entice them into their systems and keep them happy. 

I was curious to what the bp members in LA are used to in terms of an ideal contingency period that would be enticing for the seller but also be enough time for me to go through all the proper inspections even though it is a new property.

Gas, heating, appliances, snow removal, etc etc.They did say the BRRR strategy is being used with this quite a bit too because they get around 25% ARV equity.I must admit this is very enticing because I have such a busy life but seems a little too good to be true... which means it probably is.  

It is still very enticing but that's not something I would get involved with.

It is definitely enticing to find a property within walking distance of where you are - and its definitely worth it to have it - but I would be cautious if that is the part of the deal that would make you take the deal.