By that, you can avoid bidding wars and take your time negotiating with the inactive sellers.

If you search BP forums for your question, it gets asked a lot on here and you can find numerous answers. 

I recently started a CPA firm offering numerous services.

ThanksBrick Duplex Chicago Area (B,C neighborhood) 2 blocks away from a sketchy possible war-zone on Austin AveEst property value $254,280 (from property tax website)Taxes from 2015 $8223.94 (OUCH!)

Because of the high demand and low supply, prices are high and bidding wars that go above and beyond market value are common.

There are investors in Indy that like war zones.

It is actually in the war zone near where the riots occurred.

.), so rentals look good for the near term (2-4 yrs out).I liquidated my 6plex this Spring for personal, not economy reasons and had a bidding war within 10 days of the listing - - MFU 5+ is a sellers market, especially when there's a nice cash flow and a reasonable CAP rate.  

At the auctions I have attended, there may only be a handful of houses for bid with numerous bidders.

Therefore, I'm asking my bank for a POF for each deal....which could be numerous.