So, what order did you do these things:- Visit the locale to get your feel for it- Make offers on potential deals, go there to do inspections (if you went there to inspect it)I plan to talk to local RE agents and PMs to get their take on particular areas of their cities to invest in or avoid, so I'm hoping that will put us somewhat at ease, and perhaps we'd submit an offer or two before making a trip.

The first thing i would suggest is to get pre-approved and then try to get comps for the area on the specs of the property you are interested in, this should should give you a good idea of a starting offer.When you submit your offer, make sure you have good a contingency in place, in case of any unforeseen problems.

Submitting his contracts is easy, but the HUD process is not after a bid is accepted.I can't imagine an REO or HUD agent cutting their commission without a buyer asking and I am both.

Furthermore, the fine for not submitting a 1099 is the greater of $100 or 10% of the amount that should have been on a 1099.Pardon my French, but WHAT THE HELL ARE YOU THINKING???

I had to submit an application but the city administrator kept asking for different details about that project.

While that works for us right now (and importantly for now I get a letter in order to submit with offers) it just doesn't seem right.

You should be submitting the the paper work to the title company but the location and information of the title company should be provided to the seller in case they have any questions.

I had done a quick valuation of ARV while he did the inspection, so as soon as he was done we made a verbal offer and got it submitted in writing.

As far as im concerned, we have to options:1-Give it to the first person to return a signed assignment agreement2-Allow everyone until the end of the day (or maybe even two days) to submit a bidIn my opinion, the second option just makes us seem annoying that we have an asking price and now making the investors bid, but at the same time we have to be fair to ourselves (though we have already allowed for a nice assignment fee)What would everyone else do??

They want 20 offers a week submitted hoping 1/100 gets accepted.