If it wasn't on the MLS and you had a motivated seller, then you could possibly play ball butt I would walk away from this.

What sort of stuff are you looking to learn or get into?

thank you @Mardochee Pierre very much although i do plan to flip it for a profit i would like to live there a year or two and make it a vacation rental when I'm not there and really don't want an inland house although i do notice a majority of the waterfront homes are actually just on a canal and there is the whole hones beech long beech rockaways etc... acting as a wall in my opinion.....mainly could you perhaps recommend an experienced inspector that could assist me when i visit the open house... they do provide all sorts of inspections and property information but i just don't trust them after all the whole thing is organized by some 3rd party company making a profit off the 6% commission at the auction so obviously they could be less than truthful... also any information from the state which owns the homes at this point i really wouldn't trust because i know the state can say one thing and than a local town official could come around and say oh no no you need to teat that house down etc...

Shouldn't a motivated seller at the very least mention his selling price? 

Here are the cold hard facts:- ARV 500,000$- Renovations (I will not know completely until tomorrow but I estimate it at 100,000$)- Apartments are empty- He owes between 60 and 70k on the mortgage- He is extremely motivated- He needs between 50 and 200k from the deal- He is open to the following: sub2 and partnership and, to a much lesser degree a straight out purchase at 250k- I have also communicated to him that I would probably bring a partner into the agreement.Thoughts from the BP community?

•Is it safe to assume that I (and my agent) will need some sort of hazmat suit or respirator while viewing the property?

I.e Probate num absentee/vacant num, bandit sign num) so far what I see is bandit signs give me more calls less motivated sellers or leads, direct mailing is direct but if your letter dont read right still not a lot of leads.  

Both are a sort of consignment store for note sellers.

It's meant to help people looking for motivation/coaching/advice in real estate investing, business, life, and more.)StrongBrook Direct (This is the Direct Sales side of StrongBrook.  

It's turned out to be a live-in flip/rehab of sorts as we plan on selling it in a few months given the very favorable market conditions in our area.