Not saying reading books on real estate is a bad idea, its definitely a great idea & can teach you a lot, but you need to put that information and advice into action.Good luck!

There is a myriad of circumstances you could run into, bad as well as good.

If we just keep throwing bad money at worse money, why has Wall Street been rallying?

The other bad part of buying properties at auctions is that you don't have an inspection contingency.

For example if you put in a low offer, the agent might tell the owner "hey, that's not a bad offer in this market".

It is like blaming a diner for food poisoning that served chicken that was bad on delivery.

Yes, you can buy a house with a creative technique, but you can NOT run a successful business with little money and bad credit.Good Luck,Mike

Here are the details:Property type: DuplexPurchase price: $35,00030% down payment: $11,000 (rounding up for simplicity)Loan Amount: $24,000Debt service: $160/monthMonthly rental income per unit: $500 (minimum rental in that area)15% maintenance15% Vacancy (already have both units rented)Monthly Water/Trash: $50/monthTaxes: $142/monthInsurance: $50/monthUsing a real estate investment spreadsheet the numbers do not look bad but I would like to get some opinions on what I have missed.

Not because I think your offer is good or bad in my opinion.

Nobody wants to be the person that signs their name on a new loan that goes bad.