We liked the model of house hacking, and around then I discovered BP. 

Charge for any damages as you discover them and attend to any maintenance items in a timely manner.I would simply state facts and ask for more information.... such as: "There's been a 75% increase in water usage from this unit in the last month.

That way we win on the low acquisition price and they win on the retail price as a listing agent... as well as sell the same home twice.

Unfortunately, we did not win the bid on this property, but I certainly learned a lot going through the process and we are looking forward to the next one.FWIW, we agree that the numbers aren't as good as we'd like.

With low inventory and high prices considering the condition of homes to be subpar, I wonder if winning a bid from auction.com would be a better route, giving us the flexibility of rehabbing the home to our style while still gaining equity from the finished remodel would be best or waiting to see how the market performs in the next year.

When this was discovered, the two banks had to negotiate between each other to divide up their part of the accepted offer.

Owner says it needs a new roof (had a big leak during a storm last fall) and will probably need new HVAC w/in 5 years.  

Even you win they have no money you can not regroup.  

I can see where you are coming from by saying I shouldn't waste money on a college education if I just plan on quitting but I discovered real estate after I had already been accepted.

To protect you against anything they didn't discover or anything that could come up in the future that wasn't recorded at the time of sale they issue you title insurance.