Expenses include the taxes and insurance, which is often included in the payment.

Their lawyer, or more often his assistant attends the auction, the lender is not usually present.

Our market in CO still looks like it's dropping so I don't see any reason to jump in it.I'm sometimes a little impetuous, I often suffer from "gottadoadealitis" but as I've gotten older I've learned to slow down a bit and have not regretted it.

As a LL/REI I’ve had my integrity tested often.

Certainly, folks who promote RE investing often do just that and stop at this point.

What sort of experiences have you had with that type of situation, and how often do you see it happening?

There was an article in this weekend's Denver Post that explained this.A scammer, often in the scammer haven of west Africa, copies your pictures and puts up an ad for a rental.

I have found most often that as a newbie.....it would be in your best interest to do this deal with a seasoned investor that you meet at a local REIA.

You would be amazed at how many deals are passed among the successful investors (often for free).

Often times, I get a potential tenant ask to split up the deposit or something else creative to lower the amount they have to come up with initially.