Thanks for the info Dan and i am actually attending a REIA meeting tonight. 

I keep hearing about columbus, oh but when i go on the mls cap rates are actually not that far off from NNJ. 

Seeing that I have my website up with up and accumulated about a dozen and a half cash buyers, I’d offer them buyers and act as a bird dog until I can actually get a deal under contract. 

It's rare to find people here who actually know the life.

Thanks Julie, I would talk to some local real estate agents, but from my understanding the bank does not take a real estate agents opinion into consideration when they hire an appraiser to determine a value.Do you have experience actually negotiating with the banks on getting a reappraisal? 

It's more tedious and time consuming but it substantially increases the odds of the tenant buyer actually closing on the option don't you think?

We're actually losing a bit overall, but considering the wealth of knowledge gained, I'd say it's worth the small price.

I also bought a rental property that has a 30% return on investment but actually since I have none of my own money in it is really 100% Profit!! 

If the auction company is actually returning your deposit and not defaulting you you should feel extremely lucky.

Im actually using Credit Karma as well.