Newbie risk of bidding on an occupied REO?

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There is an REO auction for an occupied 2010 property that looks perfect on the outside

Market value 180K

Suggested bid 130K

Last time an auction house in this area went for the suggested price and the CMA is accurate.

As a newbie, what are my risks of getting this occupied property?

Originally posted by @Chris Kraemer :

There is an REO auction for an occupied 2010 property that looks perfect on the outside

Market value 180K

Suggested bid 130K

Last time an auction house in this area went for the suggested price and the CMA is accurate.

As a newbie, what are my risks of getting this occupied property?

 Your risks as a newbie are the same as a seasoned pro. You pay too much. You don't realize there are liens in front of the foreclosing entity. You have a pissed off former owner that's gonna bulldoze the property in the middle of the night. You have a money pit. You messed up your calculations. You over estimated your analysis. You underestimated the rehab costs. You ran out of money. I could keep going for days.