I was told by my agent that since it was "Online Only" that it had probably already been to the convention center and this was probably the final auction.

Finally, in the event of a sale and 1031 exchange, does the cost segregated property qualify for 1031 exchange?

@Terry: No I havent rehabbed a home from the 50's, let alone one this size.

Been visiting and reading for a little while here on the forums and the blog but finally decided to introduce myself :DAbout me.

Since REO's have potential unknown liability issues, is it more likely a "you get what you pay for" situation.A home may have a price of $250k, but have an estimated value of $300k (based on size, age, neigborhood, etc), but that means the bank estimates there is $50k worth of liability (whether that is unknown debt or repairs).

And the final project only has 4 investors.

Well... at least the ones responding to this thread anyway :)@ Brian L- My final bid was 35k.

Finally, leave a call to action at the end of your talk.

Hi everyone, been lurking for awhile and finally joined.

The foundation size is approx 1,100 sq ft for the whole house.