Seems like a win/win to me.

It needs to be a win-win situation for both you and the money source, this way both parties feel good about the deal, want to get it done, and want to do more.

The seller has indicated that the on-site property manager has simply walked out.

However, our unemployment rate NOW is much worse than in the great depression, because the majority of the unemployed are simply lazy deadbeats that have no intention of ever getting a job.

You are going to win some, and lose some (especially as a speculator), as investing is risky.

Dont waste your time with Russ Dalby's winning in the cash flow business, its crap.

If you run an honest win-win business you shouldn't have any problems with disclosures.

You can collect a decent lump sum up front and charge a premium where you can cash flow 200-250$ a month, then it would be worth it in my eyes simply b/c they will take care of the property better than renters and I also don't worry about the repairs or broken toilet calls at 2am.

With an upset, someone else may bid higher and "win" the auction after the fact.

nope, I've got 5 children, so a rented mini-van was the way to go.It's to bad the Cards didn't win........but what an amazing game.