I'm just getting started investing myself, but as a Phoenix local, I'm looking out of state as the potential for cash flow is much higher in markets other than those in my neck of the woods.

Or, how comfortable are you buying sight unseen?

Owner thinks the comps would be 120-125K Zillow says it is worth 116,000K I don’t have MLS Access so if anyone on here has it and can help let me know House is not updated and needs some repairs: listed below 4 bed 2 and a half bath 1800 sq ft total including sunroom and loft overlooking valley (has great view) Wood siding Built in 1983 No tenants owners are occupying They own it as a land contract that Owe 28,000 Trying to get as much as possible but understands he will probably 60-70% Wants 75,000 but willing to negotiate Looking to sell as quickly as possible Don’t want to give it away 75,000 sounds like a low fair offer to owner He says the view sells it Owner thinks it would sell on open market but need to sell now Will list it with realtor if they absolutely have to Will stay in house if necessary Asphalt roof new within 2 years soon Garage has older roof but the roof does not leak No offers yet and have not talked to anyone else Repairs/updates needed:Finish painting trim on outside of property and garage.New garage door and replace two window panes in garagenew roof on garage if wanting to replace (but it does not leak right now)Finish staining and painting deck railsnew medal door for storm shelterfinish wood siding in sun roomnew counter tops (current ones are not granite, but are in very good conditionappliances all work but are not new

Since then my tenants have been great (knock on wood).

Now I have a different property in my sights and it's out of their lending area. darn.

House is due up to sell this month on courthouse steps.My hunch is the house will go back to the bank--it looks like about $5k more is owed on it than exact same houses on my street sell for and nobody has come to look at it; not an investor deal and no private purchaser would buy sight unseen.What are my rights now as the renter?

@Brian Woods @Jeff Spicer Thanks for the welcome.

Is it boarded upDoes it look up to date and well maintained or very dated Wood windows, rusty gutters, overgrown landscaping etc. 4) People bid 50% or more of assessed value here on the best properties.

Around my neck of the woods, it seems lenders won't write conventional mortgages for less than 70-75k.

Included in that price was 9' first floor ceilings, recessed lighting, a wood burning fireplace in the family room.