You have to tell them because it affects their collateral Title should reveal the property is landlocked with no easements and that should start the questioning  If you want to continue to build a relationship with this bank you tell them now before they find out you’ve been keeping this bit of information to yourself You might be surprised When I worked at a bank we used to help people try to solve stuff like this all the time 

Once you have the NOI, you can then pivot to a variety of other metrics.

As far as auctions, there are all varieties in the sense that some properties you can/can’t get through.

Seems to be a big variety of types of investors. 

For a variety of reasons, we've been there 3-4 times per week over the last month, and I'd be miserable if I had to drive out of my way and far away to get to there. 

It ends after the inspection reveals problems (and they are not cheap, minor problems like water heaters). 

(See American Housing Survey Reveals Rise in Doubled-Up Households During Recession and For Many Families, Bad Times Require 'Doubling Up'.)And there was also a fear about jobs/income and credit.

I know you can get some varieties for about $1.86 sq ft.

However, unless you are planning on gutting the property anyway, or have enough $$ to cover whatever unknowns exist, it is a risky move to waive your rights to an inspection.I suppose you could still move forward without the contingency, but conduct an inspection knowing that if anything is revealed to be beyond what you are willing to take on, you feel ok walking away without your earnest money. 

They were lucky to still have the wit to remember to take their Prozac every day.And so I've come to believe that most university and postgraduate programs of study, in all their many varieties, very much tend to put people's heads in boxes and turn them into golden mediocrities to support the current order of things.Do I regret my own studies?