The test scores I think are substantially higher on average and home schoolers frequently win in competition far more than their represented capita.

Rent it out for a little less now....then in a year raise the rent with your tenant instead of letting it continue to sit vacant while you try to squeeze out those extra dollars.Lose the battle, but win the war.

@Theresa Harris He hasn’t actually bought it, he is just the winning bidder on an REO auction.

You have three years until the process gets more expensive, I figure you might try to get what you can in a normal rental type situation (as that is all this is until the “buyer” has equitable interest), if she falls behind you move to evict, if she gets in line you have your end buyer.Even after three years you can still file for eviction and if she doesn’t show to court you win.

Sometimes people get caught up in the auction and winning. 

I didn't buy my first property until just this year, but that property and my debt was paid off with the frugal saving I developed in college and some of the major wins I had in the market.

The brokerages fight against each other to win listings from pension funds, insurance companies, Reit's, developers, etc. as it can be a constant stream of business for volume versus ONE OFF listing transactions.I specialize helping buyers exclusively on the buy side more.

It's easier to negotiate a win-win deal when both parties know you don't have to 'prove' any lease violation, non-renewing is just not viewed as negatively as threatening eviction and it gives the tenant time to actually get another place.

I am always willing to learn and love opportunities to partner with people to find a win/ win relationship.

The tricky part is, this is an online auction for a local home, so we have to have proof of funds after winning the auction.