It seems like a win win situation.I agree with you Derrick, everyone needs a place to live.

For San Francisco Bay Area, the heart of booming high tech industry, it seems that the sky has (again) no limit. The huge influx of venture capital has started a trend where for the past 3 years young professionals ar...

After winning the bid I found out it was not occupied and had been foreclosed a while back. 

When mom and pop look at a property they are wanting cash flow, they need to eat off their investment, the corporate owner looks 15, 20 years out, cash flow can be at a lower ROI (can be, not necessarily is) but they are long term players.

Did we win or lose? 

While my goal is to attempt to work with the borrower whenever possible to produce a win-win outcome (they stay in the home and begin repaying, and I earn a tidy profit for them doing so), in reality this only occurs for around 1/3rd of the deals I do.

I see it as a win win.

When I initially started investing, my goal was to generate enough cash flow to quit my day job while I was young enough to enjoy it, not to "win the real estate lottery".  

If your property tax attorney only charges if they win a reduction then it seems like a no brainer to let someone else do it that does it day in and day out.

You don't have to hit the reserve to win, I won one last year without hitting the reserve.Good luck