Assuming we break even once it sells, or make a little profit, we will be able to pay off all debts and have $60K-$90K back into savings to play with.

That's probably how loud they will play their home stereo.

You should play around with a calculator!

sure you can back out you just lose your 2500 bidders fee and if the EM is non refundable in the contract you lose that as well.Auction . com is not a site you can play the wholesale assignment game very well at.you MUST close in the name of the entity you made the bid in.. you must have proof of funds in that companies name etc etc..

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

The planks had a fair number of gaps so we needed new sheathing.

It sounds like most people think they know what they can get out of  a property and are willing to bid fairly close to that end number. 

Vacant land is a great place because no big issues and you can buy and sell all over the country fairly easily.  

It is fairly common for out of state investors (especially NY)  to get really excited about the thoughts of owning a MFR at prices that the C Class areas in CT offer.  

The hot markets here mean a fair amount of effort is required to find good deals, but they also mean strong rental and buyer demand for high quality rentals or flips.