4/2 Foreclosure

[Mark S.]

I found a 4/2 foreclosure available for sale for about $100K. The PVA says it's assessed at $150K for the past 3 years. It's now being auctioned, with an opening bid of about $75K. My realtor thinks we should at least throw in the opening minimum bid and try to pick it up. It appears to be in good shape and might need some minor cosmetic work. My main concern is how difficult it may be to get a tenant in there. It's conveniently located off the highway, it's just out there a little bit from city limits. Part of me thinks I should just pick it up first and worry about the rest later (speculation), but the other part of me thinks maybe not because it might be difficult to rent. At these numbers, is it a no brainer?