If I go in and bid 20 or 30 thousand higher, most of the bidders are going to drop out of the bidding process, and I'll probably end up paying less in the end than if I keep 10 or 15 other bidders engaged by thinking they can just go up another small amount.If I want the property, 5 or 10 grand isn't going to be the deciding factor on whether I want it or not, so I'll just figure out what I'm willing to pay and bid it up close to that, usually under, but not enough to play a game.

Welcome to real estate Zac.Your list sounds good and we recommend joining your local REIA and engaging with investors who are in your area through Bigger Pockets.We've been investing since the beginning of 2019 and have found that we've gone through many team members before finding the right ones.

@Lucas Miller Yeah let's accuse me of being completely wrong and present no evidence showing otherwise, while at the same time not mentioning your conflict of interest as someone who runs a syndication, judging from your profile.If you would like to discuss why I'm wrong I'd be happy to engage in that conversation.  

Yes you want to engage legal representation after you have agreed on the terms.

I guess the angle I was looking at was agents who are engaged with clients who BRRRR or do BRRRR themselves, may be connected to off market deals or good wholesalers.

Grant has long broadcast his belief of a shifting paradigm of younger generations engaging in perpetual renting, vs home ownership.

The planner who is leading the STR rule told me yesterday that they are presenting to the city council study session on Oct. 17 of the engagement efforts over the last few months.

I’m not opposed to paying a realtor something, but I would think since they never had to show a house or do any of that first process there might be a different fee associate if you engage a realtor. 

there is ONLY ONE thing to buy.. and that is double TAX FREE MUNI's of triple a rated cities. engage a broker to help you. forget real estate far to much work and riskif the money is coming to you and you did not have to work for it  IE its inherited / givenyou can make 300 to 500k a year tax free protecting your principal.. then get a job so you are fulfilled in life.

However, be aware that UDFI and UBI is taxed using the estate/trust tax rates, very nasty, they get to 39.6% pretty quickly (see below): If Taxable Income Is: The Tax Is: Not over $2,500 15% of the taxable income Over $2,500 but not over $5,800 $375 plus 25% of the excess over $2,500 Over $5,800 but not over $8,900 $1,200 plus 28% of the excess over $5,800 Over $8,900 but not over $12,150 $2,068 plus 33% of the excess over $8,900 Over $12,150 $3,140.50 plus 39.6% of the excess over $12,150 UDFI is when you borrow in a SDIRA, UBIT is when you engage in an active business in your SDIRA or SD401K (such as flipping, wholesaling, and building/development).