That does not make them investors any more than the guy working the counter at the dry cleaners he owns.For a real investor, there would never be a consideration to quit their 'day' job and work in their real estate.

All of the comps were considerably higher than my appraisal.

So all your ideas are great and we do take them in consideration.

Amount of cash down (if any) any additional consideration (like a car, vacant lot, etc.) and when they are to receive that, and the terms of the Purchase Money Note(s) for the difference, what the payments are, when they start and when they end.

There's a lot of great comments and suggestions here, and they should all be taken into consideration.

If you can tolerate Section 8, you may have hit the gold mine. 3 BR rates are considerably higher than 1 BR rates in most areas.

November Market Stats for Austin for Anyone interested, definitely past the college town stage.Austin Board of REALTORS® releases real estate statistics for November 2013 AUSTIN, Texas–Dec. 19, 2013 –According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), the volume of home sales continues to rise as November became the 30th straight month of sales volume increases and the most home sales in November since 2006.According to the report, 1,899 single-family homes were sold in the Austin area, which is 14 percent more than November 2012.

It is extremely common, as @Lou Veiga referenced, for the auction to be postponed at the last minute, and for most properties to go back to the bank, especially in a rising market, where the lender thinks they can do better taking it back and and reselling, since a purchase at FC auction is the riskiest to the buyer, and therefore auction prices are typically the lowest.

Thx for advice, we are all in this business to make money or atleast try to and to find the best deal we can, Taking all things into consideration plan on talking to agent once again, he just did not have a lot of answers to my ques, much appreciated though.

Because that house is located right next to a good college, the rents are considerably higher than they would otherwise be.