I can't speak much to her experience level, but I did find out later that she was actually a minor celebrity in the area and was featured on a national reality TV show (not one related to real estate, and I don't want to give away too many details).Also if it matters, I found out during the closing process (which took another 2+ months) that the people who ended up buying the house were investors.  

If my calculations are right, with 100% occupancy the portfolio will have just over 10% CAP rate which is good.

The standard Cap Rate formula isNOI / Purchase priceergo, mathematically, a NEGATIVE CAP RATE IS IMPOSSIBLEassuming one does not buy into a negative NOI (sheeze)

Hi Bobby- just keep in mind that Hubzu is zero- inspection.Once you win the bid you will have to send a non-refundable deposit.Also, Hubzu normally keeps the reserve price fairly close to the listing price on MLS (maybe around 90% of MLS price).I recommend finding the number you are definitely comfortable with and then setting the auto-bid feature so you don't have to sit there bidding back and forth with other investors.

While doing research here on BP I have seen numbers all across the board as far as cap, cash flow, and appreciation.

I lost out on a duplex that had a 1.3% cap rate.

Cap rate?

Max dti for automated approval through GUS is 47% housing ratio and a 57% back end ratio (and this is pretty much everyone, lenders don't manually underwrite unless there is an automated approval issue) - even then 31% and 43% are just placeholders, HUD allows 37% and 47% by meeting residual income requirements and no further compensating factors on R/E loans, and you can exceed 37% and 47% (most lenders will cap back end at 50%, but you can go to 57%) with strong compensating factors, such as assets.  

#01  SFH-3/1$65,500 Asking $9,900 Rent ($825/month) $876 Insurance $748 Taxes $841.5 Management (under current management) $1,386 Maintenance & Vacancy Estimate (each 7%) $6,049 Estimated Net Return (CAP 9.24%)COC = 15.11%#02  SFH-2/1$59,900 Asking price $9,444 Rent ($787/month) $801 Insurance $724 Taxes $803 Management (under current management) $1,322 Maintenance & Vacancy Estimate (each 7%) $5,794 Estimated Net Return (CAP 9.67%)COC = 15.76%#03  - Fourplex 2/1’s$169,900 Asking price $30,072 Rent ($2506/month) $2,273 Insurance $2,774 Taxes $2,556 Management (under current management) $4,210 Maintenance & Vacancy Estimate (each 7%) $18,259 Estimated Net Return (CAP 10.75%)#04  Duplex-2/1’s$79,900 Asking price $13,200 Rent ($1,100/month) $1,069 Insurance $893 Taxes $1,122 Management (under current management) $1,848 Maintenance & Vacancy Estimate (each 7%) $8,268 Estimated Net Return (CAP 10.35%)

Based on my study here on BP, I can show an ROI of 28%, Cap Rate of 7.1%, cash flow of 1,674/annual, after vacancy rate, PITI, Cap Ex were taken.