As a turnaround fund to change the fundamentals of the property with a goal of significantly improve the NOI.Thanks again for everything guys.

Beyond these ethical considerations, in virtually every jurisdiction an auctioneer (or auction platform) is prohibited by law from knowingly receiving a bid on the seller's behalf or permitting the seller to make or procure such a bid unless notice has been given that liberty for such bidding has been reserved.

So this goes back to the fundamental principal that if you have 500,000 to invest.

Kristine Marie Poe ....15 years ago was a fundamentally different landscape than today.  

Fundamentals help us learn and stay consistent.

The only way to profit is to inflate the sale price, which, even if you could will be unethical and predatory.Now, if rents are higher than the relationship to the market value, which is rare but can happen, then holding for cash flow is an option.Two years isn't really long enough just relying on appreciation on most markets, unless you improve the property raising the value.You make money in RE by buying at a good price and selling at market, not paying market and raising the price, unless you're rehabbing taking the value up by improving it or something about it, like changing value due to zoning or use.Sounds like you're missing some fundamentals of RE. :) 

@Mark Boegemann - You can listen via http://www.biggerpockets.com/show1I don't have any issue listening via the many platforms out there -- just tested it out.

All together, it's a big mess that you have to sort out.I'm sure I've said over a thousand times on BP, to begin at the beginning, with the fundamentals of real estate, but few listen.

With that in mind we made the investment and created a very scalable platform to grow our business on.

They could be on the upswing with solid fundamentals or the downswing.