( reading your first post, i would assume so ) but if you can offer any tips or suggestions I would greatly appreciate that.

This is disturbing in a few ways, primarily because people assume that these people are educated in all aspects of real estate and take their word to heart.

The biggest problem here is for realtors (and I assume you are not one).

Assume that he can be wrong as often as the other party.

Assuming you are a good tenant risk of course!

If so, I assume the seller could talk them down to 3%.In any case, I have a realtor that I have worked with previously, who is also a friend of mine.

So I would assume that the winning bidder would have to pay 10% of the winning bid as hand money, but in yesterdays news paper it showed all the properties up for auction and under the listing each properties had a hand money amount.

You don't mention what type of income producing property or budget you have to work with, so I'll assume residential rental as opposed to commercial leasing.So, my suggestion is to work with a Real Estate Professional in the area you are considering buying.You typically don't pay for their services as they are paid from the sellers proceeds.

I've found a small mobile home park that may be of interest to me assuming the numbers work out correctly.

Don't assume anything.