He would also be exposed to liabilities related to the property, such as lawsuits or property damage claims, which could affect his personal assets.

I definitely wouldn't sign a purchase agreement before seeing the property.

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

This property has been flipped, and rent exceeded the one percent rule.

Quote from @David Cherkowsky: Hi All,I purchased an investment property in the middle of last year and to this point have been using 0.75*lease value in my DTI calculation.

- I understand that properties go to auction, but what’s the process like from start to finish? 

If you ever need help running numbers or managing your property. 

So, your property must be secured with deterrents to hopefully stop this from happening - but, it's impossible to guarantee security.

Quote from @Chris Seveney: Quote from @Jeffrey Farkas: I bought a property in a foreclosure auction.

We sell the property and each side get their money returned off the top then we split the profits 50/50.