@Wayne Brooks  don't want to hijack this thread but I am interested in subject to's here in St Aug, FL.  

Hello Account Closed, I find that Miami Gardens, North Miami and North Miami Beach are hot markets right now for investments.

From my understanding, like most markets, Boise is hot and I'm constantly keeping an eye on housing prices.

Recently we had an auction on a property that was found on Craigslist, it was a commercial property listed by the owner for sale, she wanted $750,000, my son and associate negotiated an offer of $250,00 subject to an auction sale, seller accepted the deal. 

The misnomer is that those payments are not the buyer/borrower earning equity in the subject property but rather more like a rental payment which only serves to grant possession and not other rights and interests in the real property itself.  

Give yourself a solid out or two, like "Subject to a 60-day inspection period."

As you undoubtedly know, it's a red-hot market in Seattle/Eastside, great for those who are into flipping, not so wonderful for the cash-flow folks.What are you looking for as far as contacts, advice, rants, jokes, or other bits of semi-solicited information?

Denver is a pretty hot market, and good contractors are hard to come by.  

The subject says it all!! 

Make a lower offer subject to a reserve public auction, offer the seller a 10% hybrid (10% of anything you get over what you offered), make full disclosures, get right of possession (so you can clean the house up and show it to prospective buyers), build in an extension in the event you need more time and use banking days for settlement.