In this case I felt that COVID will not have much of an effect on unit value, simply due to the short term nature of this pandemic and resulting economic downturn. 

the auction states the following: “100% of funds due at time of sale in Cashier's checks made payable to the bidder as a natural person (Not as a Legal Entity)”You would understand from that that the time of sale might be at a later date then?

When the economy is bad, and its harder to sell a house, combined with less transactions....total number of agents just is going to decrease naturally.

I would suggest doing some research into the long term economic outlook for the market, rather than just rent to price ratios and things of that nature.

After that you can definitely run into issues with egress, natural light & vent requirements, and even parking requirements.

I doubt a seller will want to remove a working tank, as that would also require a conversion to natural gas and likely a new boiler.

Be involved with people and leads naturally occur.

Martin Luther King once said, “we came over on different ships, but we’re all in the same boat now”in an ideal situation you and your tenants will work this out because we all have long memories and if they try to screw you and you still have them as tenants in the future, any new situations will probably not be pleasant.Last thing, naturally, if you have a lender to deal with, all of the above would probably have to go with the lenders approval.

I just ran across some youtube videos on it so naturally I came to BP for reviews!

We don't want to back out as we were planning on doing the repairs anyways, but I still have a natural hesitation on completing repairs on a house I don't own because we haven't closed yet.