It’s entirely possible you will be out bid almost immediately, as all the proxy bids will immediately drive the price up… but as long as  there is not a bidding war you can usually get a descent deal.If your county uses Real Foreclose to manage their auctions make sure you have enough funds on deposit so they will accept your bid.  

There are fewer bidding wars than March and April. 

I did some due diligence on this and found out it’s super sketch, with numerous downsides, like locking up any remaining equity because you can’t increase the debt on the property, undervaluation of the property to gain an advantage.

Hi, I was doing research on online tax liens, also did many bidding.My observation is on the average return is 3%/year (after bid war).so until you are hoping to get property(non-redeemed), where chances are less than 1%, I don't see any good return.looking for other people's opinion and experience, what return they are getting or expecting.Thanks

Properties that you buy for $18.5K and that you rent out for $1900/month will eventually bury you, one way or the other.SECOND, as I have said here on BP numerous times, when you are a low-income handyman landlord, you have to follow three very basic rules.

I've asked Apartments.com about certain features, like having the apartment numbers actually listed in numerical order instead of randomly and being able to email/text tenants thru Apartments.com.

Lots of bidding wars and people paying well over asking.

Keep in mind, the area with this rent to mortgage ratio is super hot and fixers and new developments are selling at roughly the same price because of the bidding wars on fixers/existing homes.Worst case scenario you could pull out of the contract and just lose the 3% if the market falls if you were planning on just selling.

My worst is almost 2%   And not a single one is in a bad neighborhood    You can easily walk down the street at midnight and be safe It is a cop out to say you can only find good cash flow in war Torn neighborhoods 

Should I expect a bidding war situation?