I spoke with several investors afterwards, and they all had horrible things to say about REDC auction practices; one had lost two properties because the bank backed out after he was the highest bidder.

I apologize about the formatting, I copied an pasted from excel - which was nice and neat but after the post the formatting is horrible. 

East Cleveland is still as blighted & horrible now as it was then.

Realtors and contractors are promoting the slumlord experience, eg never investing in the property, and extracting every bit of blood out of the house you possibly can etc.This works well in the short term, but when it's time to dispose of the asset, people will look at your manky horrible windows and knock you for them.But then replacement won't be $6k by that time, they'll be $10k, and the buyer will knock you $15k on the price - because they can.Don't fall into the trap "it's just a rental".

Help first deal gone horribly wrong.

We still got a fast sale (due to price) but the feedback was horrible.

And you're right 10k for a flip is horrible which is why I didn't bid on it haha! 

Cash doesn't provide me any discounts, but it does provide me with far more efficient and faster closings.trying to line up mortgages with home purchase is horrible, especially when rehab is included.

I've had terrible experiences over the past several years with both Keller Williams (non-responsive, charges all sorts of extra add-on fees) and Monument Management (a horrible company that was increasingly late forwarding rent payments, had huge personnel turnover, terrible communications, and probably worst of all, they doubled and tripled actual cost of repairs!).

It has been vacant for over 5 years and in horrible condition, roof even falling in but in a great location.