Anyways... we haven't been to one, yet, but I imagine it's similar to jumping into a piranha tank.

Okay, with respect to the original question, I wasn't flipping back in the rising bubble days, but I can't imagine flipping would be much easier than it was then.

I would imagine the bargaining power would likely come from a PR who doesn't want to deal with the property and just wants to sell it as quickly and easily as possible.Any probate people here care to chime in?

I can't expect the appraiser to go back on their word, but imagine they have a 3% valuation change allowance or something (although I'm not certain).

Imagine the residential market today if you couldn't buy auction or REO properties...if you could only buy from private sellers (99% of whom can't sell for a reasonable price).

I don't have any experience with those programs, but I imagine they are fairly easy to pickup.I have heard that banks will not lend to LLCs to purchase investment properties, is this true?

I can't imagine your competition is taking them down.

I would imagine the properties would sell for more money if sold individually, even to small investors.

But realize that most tenants don't have the vision to imagine what it's going to look like when it's done.

Most buyers aren't very imaginative (I'm not either!)