Would you be willing to share what other things about the property that you might check in order to determine whether to lend on it (aside from it’s financials, location, market potential, etc.)?

It took a few weeks to determine all of this-if you’re serious, consider asking for an extension now, citing resolution of this unforeseen issue.Good luck!

What you can build is determined by the zoning of the property.

Your best advise on this thread: Don't trust ZillowFor some reason, in particular, Zillow does a horrible job at calculating ARV and appreciation in Indiana in general.If you're really trying to determine what the percentage of appreciate is happening in the area - you should be looking at comps within the last 3-6 months.

Laws can and do vary a lot by state, determined by the state where the property is located.

Especially since they're smokers, it will take time to clear that smell.It's also not your responsibility to determine if they can financially afford the 30-35% or not. 

@Fred ShatzoffWhat’s the best way to determine ARV?

For a buy and hold, then we would need to see rental incomes and expenses to determine if it is a deal or not.

The local jurisdiction determine what the zoning will be for a particular property.

He told me to never go above that pre-determined bid price because auctions can get emotional...