I'm a project analyst for Johns Hopkins Health System.  

Seasoned partners help because they've already faced and dealt with the hardships that come with a first deal making it much less painful for you.

There is too much government involvement now.A driver CANNOT buy the amount of insurance they want but has to buy UNLIMITED no fault personal injury insurance.EXAMPLE If someone is trying to commit suicide and purposely drives their car into a tree at 50 miles per hour all of their injuries are paid by their insurance including UNLIMITED pain and suffering and damages.An insurer could be charged $3,000,000.00 or even more for something you intentionally did to yourself.And yes the Detroit mentality makes the Michigan requirement unworkable.

If  you have a cheaper unit and want him, go with that.Entitlement benefits are provided by the SS, their figure is what is actually sent to him, the difference is for his health insurance.

I have been in a similar situation, though only a couple hundred bucks was at risk, so I feel your pain.

I had some issues with the owner's health but price and condition was a bit of an issue as well.

JonathanI understand your pain Richmond properties are getting expensive but if you are willing to purchase outside of Richmond, and try places like Chester, Midlothian and chesterfield you will be able to find some greats deals...I just bought a 4BR house a week ago as primary home with no repairs and plan to rent two of the rooms out for $475 each.

No to mention pain and suffering of hat in hand to the bank or lender.   

Painful, but equivalent to a Masters in RE.

hi moh. yes, i have experience with bidding on auction.com. they are ok. i hate to have to do the $2500 deposit too, but i guess that is their way of weeding out the not so serious buyers. i bought one house from them and didn't have any issues with closing. hubzu.com, however, are a major pain in the *** to deal with. i wouldn't buy a house from their site for a buck. even my attorney said to never buy a house from them. we attempted to buy one once and they were, in my lawyers words, " the biggest pain in the *** that i have ever dealt with". auction.com is much, much better