I see your points.One of the things you might be running into is that the IRS's budget was slashed dramatically after the whole Tea Party/Non Profit debacle a few years back.  

I believe in Indiana, you have to give notice to all known parties who have an interest in the property.

If the residence you sold is a condo wouldn't the owner's association by the responsible party for termite damage to the structure?

So my question is, how do you purchase a property if there are more than two parties involved for an investment?

Also, I suggest you have a good message to leave on voicemail and a different one for 3rd parties who will likely mess up your message when passing along to your target.When able, door knock.

Third, you could rent the place below your costs (subsidizing people) and some would still complain. 

 - Involved parties:  Myself and Mother.  

The third time I lost but was asked if i wanted to be backup bidder...i said 'sure', what the heck. 

Additionally, we use a third party to run the laundry room and I am told that they do very well money wise. 

Hey StevenI'm a little late to the response party, however.....I am in full agreement with the above comments...lower to $750/$700 range and evaluate the applications.