Bidding as foreclosure sale can give biggest discount, but since title insurance is unavailable and thorough inspection of property not possible, much greater risk is assumed.Being new, I would use a Realtor, get a long enough due diligence period, and possibly purchase consultation time with a real estate consultant - (not a guru).

Your biggest issue will be trying to get a property.

All of this and many other factors need to be considered running a restaurant.The biggest issue a one off restaurant faces is food quality and pricing.Small places can't order in massive quantities so do not have long term food contracts locked in at a set price like chains do.Instead food cost fluctuations can hurt a small restaurant plus the quality you get from a supplier might be good one week but the next a new company came in to the food supplier and gave them a cheaper deal to use their product and try it out.The new product may be better,the same, or worse.The problem is you pay the same price and charge the customer the same price as before but it might not taste as good.I don't know how you will buy this restaurant as you have no experience as an owner.You can't just open a restaurant and expect people to come in.A few will but not enough to make a great business.You have to pound the ground and press palms and get the product with free samples into people's mouths.This will generate buzz for your restaurant and create customers with a relationship.Customers are habit creatures.Get them a great experience,great food,decent price and you will get repeat business.

Using her as a mentor is the biggest thing I'm looking forward to.

Our biggest struggle right now is determining rehab costs.

also with the new casino opening up this march means more people coming downtown.Jon Klaus: ty and good luck to you also Sir

I know mine costs me money and it is the biggest liability I have.

I was holding some of the lots for investment but then economy went bad and taxes eat too much profit.My biggest expense is paying the property taxes on the vacant lots.

from what I am reading they are the biggest unknown factor. you seem to have a good idea on the market and plan.

Protecting hotels and casinos, a very powerful lobby.