Thanks for the warning.

The bubble is always 18 months away :)Here are similar pundits who predicted crashes, with excellent numbers and reasoning behind them, over the past five years. 2013: Denver Post: “Buyers Caught in a Price Squeeze”CNBC: “Housing Market Already Shows Signs of a New Bubble”2014: New York Times: “The Bubble Is Back”Fortune: “Why the Housing Recovery is over, in four charts”2015: CNBC (Again): “Housing today: A ‘bubble larger than 2006’”National Review: “We’ve inflated another bubble; count on the crash.”2016: CNN: “Housing bubble fears have returned”MarketWatch: “The Seeds of the Next Housing Crisis have already been planted”2017: Forbes: “58% of Homeowners Think The Housing Market is Set for a Correction”USA Today: “Hot Housing Market Could Cool in 2018”2018: Bloomberg: “This Rare Bear Who Called the Crash Warns Housing is Too Hot Again”I think that if you are afraid of a bubble, you'll never invest, and will surely lose.

A servicer sent us a white paper from an attorney warning about new requirements for junior lien holders in OH. 

Be stern if you must because as a newbie I will have occasional tunnel vision and stubbornness to get the deal done no matter what.

You will definitely start to pick up on the warning signs after learning the hard way a few times. =)                   You can be spending your time showing them a lot of low end properties, writing below market offers, irritating fellow Realtors and their Clients with insulting offers. 

I'd be very interested in finding this person and possibly taking this property off their hands.If anyone has any experience with this or any advice and/or warnings/words of caution of how to proceed with this type of situation, I'd love to hear from you.

@Guy Gimenez Thanks for the warning!

Warning there are certain entities like the federal government that have more than 60 days. 

No matter how well you plan you will miss something like the $800 utility bill from the contractor's equipment or the city inspector's previous warnings to the prior owner.The wolf investor never buys a $5,000 property without and edge. 

Especially the listing agent complaining.Just a warning, be patient because you will get frustrated during renovation due to drawing process.