City permit costs, architects cost and other site work cost people often forget about like hooking up electrical service, sewer, gas etc and it kills any profit. 

You'll have a very short window (around 30 days usually) to close if you were to win the deal.Day of, you'll need to bring a check (cashier's normally), and usually be pre-registered for the auction.

Hi BP,I am looking for the best site to run background checks and credit checks on a potential roommate for my househack. I haven't ever ran a background or credit check on anyone and I was wondering what you guys rec...

Don't forget contingencies either.

You'll be in a good (theoretically) appreciating market, get to live for free and don't forget the amortization of the principal paydown. 

How do you continue to improve your analytical skills while also not redirecting precious time from your criteria window?

There might be a small window of opportunity to catch some good deal before the thing gets back to normal.Stack it up in the bank and keep watching the market I would say. worst case if there is nothing to buy, we will end up with more cash in the bank anyway haha

My tenants broke the vinyl frame of the sliding glass window.

Sometimes a cat or dog is a chill well cared for and awesome addition to the house; other animals can pee everywhere, chew the door and window frames, bark all the time, go bananas and stuff their nose in the crotch of every visitor, or the owner simply will not spring for flea meds or vet visits, leading to problems all housemates can feel.Like many aspects of this, it's a balancing act, and something to be mindful of.While I'm thinking through it, other things to keep in mind include furniture, storage space, parking spaces, and visitors.

Do not forget, make sure you review everything once again.