IE it went up 6% in the year to cover Realtor fees.. you might break even in the Bay area if you had to exit in one year. in the Turn key markets you will FOR sure lose money.. and most likely will lose Capital anytime in the first 5 to 10 years in most lower end turn key areas as values are stagnet and really don't move up unless the homes are completely refurbed again and run through the high powered West coast marketing machines that Turn key operators are ..

Sure you would lose your earnest deposit  (1k) , but would be saving quite a bit more than that if you paid too much for the property. 

I met with a seller today who's going to lose over $200,000 on the place (bought at the height of the market).

Will list property for sale residentially (but likely to lose money) and commercially (which of course has long lag time).

Auctions are posted, times are posted, and those that don't show lose out whether they are representing the bank or even the home owner.

She's losing money.

I hope she did not lose too much earnest money.  

Check their calendar, if they don't have one, I'd think they would be running a pretty lose ship by the seat of their pants and be disorganized.....not good.I'd also leave my checkbook and credit cards at home.

They do have some on-line learning resources as I recall, also.Personally, I am affiliated with another REI education group and I am as BIG a proponent of "learn it before you try to do it" as anyone would be in any other field of endeavor, such as plumbing, carpentry, concrete, electrical work, culinary arts, tonsorial arts, etc.Here's how -I- measure the value of paid education: if paying whatever they're asking up front keeps you from losing 2- to 5-times or more that amount due to mistakes in a deal or structuring your business entities, was it worth it to get educated and prevent costly mistakes?...

The likelihood is that he is going to not perform, trash your property (what's he got to lose?)