Hello, are there any risks involved with purchasing on foreclosures sales that I am not aware of?

Most of them have formal research and investigative backgrounds, in addition to being bright, organized, knowledgeable, hardworking, highly competent, good at taking calculated risks, and, of course, quite wealthy.

If property management is a secondary thought, you run the risk having a company not acting ethically, legally or properly licensed operating your property. 

Agreed on the risk.

Your time and effort and the risk you are taking is worth something and I would include that in my offer price.

If you are not familiar with real estate at all, you are exposing yourself to significant risk.

., is a boutique Nevada legal practice that focuses on business and real estate transactions, business succession planning, business purchase and sale, finance, and entity formation and governance.When preparing to form a new business, and before entering into any business transaction, the expertise of an experienced attorney can help to minimize risk, protect interests, and maximize the potential for success.

We learned to stay out of areas that were too depressed.PhilosophyI am a conservative investor that is not afraid to take risks.

Working with This tenant and property manager seems to have a lot more financial risk than denying the applicant. 

Try technique that doesn't risk your credit and assets.Like the rest of us investors, it's training.