Thats to give you some idea of where things line up for where you are at compared to where the market is.

…Here's the latest market report (based on single family homes): Mortgage Rates:30-year conventional rate today is 7.01%30-year VA rate today is 6.50% Median Sales Price:April: $476,000May: $475,995June: $485,000 New Listings:April: 1,957May: 2,141June: 1,875 Median Days on Market Until Sale:April: 12May: 12June: 13 Months Supply of Inventory:April: 2.2May: 2.4June: 2.3 What does "Months Supply of Inventory" mean?

But I know that I've never seen a property sell at auction in our market that was any where near enough of a deal to really whole saleAlso- you're buying the house outright with cash, IF you found a killer deal then I think you'd actually have to close then re-sell to an investor.

In other words, the expense saving was rather certain but our chances of recovery on the PG seemed slim.We completed the deed in lieu over the summer and began marketing the properties immediately.

Hi Lawrence, Here's my short advice check Due Diligence, Understand Owner Financing Terms, Seek Professional Guidance, Market Research, Financial Analysis, Risk Management, Long-Term Vision.

If so, how was the lot with the house on it impacted in terms of market value? 

If I'm you I would focus on getting a long-term rental property and learn the market that you are investing in.

Cleveland is one of the most popular markets on this forum.

Was curious to know, what websites you all use to analyze real estate market trends and themes within specific submarkets.

But currently my goal is only to continue to buy maybe 1-2 off market holding/investment properties a year, so I generally didn't use these services enough to continue the subscription for long.