What they can do is provide a second set of eyes who has no emotional, or otherwise, attachment to the property.

If you have to choose, do it based on the financial analysis, not the emotional need to be an owner.

Make it clear the rate is only temporary, after which the house will be touched up a bit, and rented at market price.

I am one for future planning, not to put a temporary band aid on it for today.

@Helen Zhang : bankruptcy protection means a temporary delay of the foreclosure sale.

You can't win them all, and you can't let emotion or the eBay effect get in the way!

@Florina Villarde, you will not be doing yourself any favors by being impatient, or becoming emotionally attached to the "idea" of this deal.It's fine to put in as many low-ball Offers as you like, if you don't mind the Bank writing you off as a bargain hunter.

Then theres the Haboobs or sand storms, a temporary nuisance.

Hi ErikThere are insurance companies that offer temporary insurance on vacant properties.  

Cons are people generally get emotional when buying a home for themselves.