We were not counting on any of these unforseen items, but we did have a contingency amount set aside in the budget for unknown issues.We called in a contractor to get an actual quote on the now known things and turned out it could be resolved within our pre-established budget.Had this amount been over our pre-established budget, it would have put us in a position to renegotiate.Here are my thoughts that was running through my head at the time.Option 1 - Continue with the deal if within budget.Option 2 - Ask Seller to lower price due to unforseen items that came up on the inspection.  

Part of the risk of bidding on these auction sites is that you typically have no financing or inspection contingencies.  

Do you have a financing contingency?  

We found a place 2 blocks from the coffee shop and got it under contract with a 30 day or less, no contingency close.

I am having an extremely difficult time finding any deals on the RMLS (due to cash offer w/ no contingency people running around buying everything) Does anyone know of any good wholesalers, bird dogs or the like that I could get in touch with?

What you DON'T want to do is try and be sneaky, work with Lender A on Prop A and Lender B on Prop B, and then at the last minute after all contingencies have been removed, Lender B gets a ping saying you've suddenly got $400k in new undisclosed debt at the last minute. 

I plan on writing serval contingencies to protect myself to get out of the deal if inspections don't go as hoped but in a competitive market, is there a risk in writing a full price offer to get under contract to learn more?

Purchase Price: $350,000 Total Pads: 37 Rented Pads: 33 Acres 14.32 Lot Rent/month: $200.00 Water - Well All Tenant Owned Homes Sewer - Aeration Jan Rent Roll: $7,000.00 Rent Roll/Year: $84,000.00 95% Occupancy 2015 Rent Raised $20 Income * Rents: $84,000.00 $91,700.00 Animals/Late Fee's Water Sewer Subtotal: $84,000.00 $91,700.00 $0.00 Total: $84,000.00 $91,700.00 Expense: Taxes: $6,513.00 $6,513.00 Insurance: $1,600.00 $1,600.00 Read Water Meters $2,400.00 $2,400.00 Water $3,100.00 $3,100.00 Sewer: $8,300.00 $8,300.00 Trash: $6,000.00 $6,000.00 Electric: $2,400.00 $2,400.00 R&M: $2,500.00 $2,500.00 Mowing $1,500.00 $1,500.00 Snow Removal $1,500.00 $1,500.00 Management $4,200.00 $4,200.00 Subtotal: $40,013.00 $40,013.00 Contingency: $0.00 Total: $40,013.00 $40,013.00 Net Income: 2015 2016 Gross Income: $84,000.00 $0.00 $91,700.00 Expense: $40,013.00 $0.00 $40,013.00 Net Income: $43,987.00 $0.00 $51,687.00 CAP Rate 12.567 CAP Rate 14.476 All Homes Are Tenant Owned Except For One Home Water Is Well, Owner Is Not Billing Water Back To Tenants, New Owner Could Do That Sewer Is Aeration Plant, Owner Is Not Billing Tenants, New Owner Could Individually Meter Sewer And Bill Back Tenants Roads Are Tar & Chipped New Owner Should Raise Rents Minimal $20, Or Bill Back For Water, Sewer, Or Trash Great Paying Tenants Gas Workers Take Up The 4 Vacant Spaces From March Thru October With Their 5th Wheel Campers For 100% Occupancy Seller retaining gas and mineral rights

Martin$1.2m is the max loan balance, including both the purchase AND rehab budget AND a budgeted-for cost overrun contingency plan (when was the last time a contractor quoting you $75k for a thing actually got it done for less than $75k?

I would say find the deal and the funding will come.If you really understand creative financing you wouldn't need fundingLet your seller fund the dealDon't buy the property, Control it (you won't need funding)Control and Roll, sell property you don't own I believe is the key to quick, short term cash flowStudy the auction method of flipping property; all cash, as is, fast settlement and no contingencies Too many so called investors think that funding is the answer (It ain't!)