When you purchase property for below market rates in these circumstances, you take the property "as-is," meaning there could be a huge hidden flaw of which you are unaware that you need to pay for later.For example, my husband and I purchased our first home in an auction and got a great price for a two bedroom condo in Beverly Hills.  

On the basement we only finish out basements under certain circumstances.1.

I mention early in this thread the circumstances of my 38K purchase. 

It is very helpful and reassuring to hear of others who are having success in similar circumstances. 

He's late on his mortgage and the bank is threatening to foreclose on the $20K balance and he comes to you looking for help.You determine that due to neglect, it isn't worth $100K because it needs $20K worth of repairs to get it to $100K.

Airbnb said it was an 'extenuating circumstance and I would receive nil payout'.

I did a little extra heavy duty title searching based on the circumstances of the previous owner....

it's all circumstance with a little bit of effort.  

Also, due to our family, work, school, and life circumstances growing-up, our current savings is in the mid-four figures.  

I accumulated 6 rental properties over the years, but due to circumstances I had to sell them all in the last couple of years.I miss the real estate investing world and am ready to get back in.