For example, 3 years ago, nobody was interested in Chicago, Orlando, Memphis, Cleveland, Austin, Philadelphia and other 2nd tier cities and now we have been closing multiple deals in those cities.

The one in my example is pending sale at 480k. 

In the end, the value of the deal comes down to a minimum, specific, monetary return, within a specific period of time.Here's an example:  I want all my cash back at refi on a rental$100,000              ARV in specific area based on Sales Comps$  80,000              75% ARV for refinancing$  75,000              Cost to buy/rehab$    5,000              Cash Out at Refi (bonus, bonus, bonus...)Here's another example: I want all my cash back at by the end of the first year on a rental$100,000                 ARV in specific area based on Sales Comps$ 80,000                  75% ARV for refinancing$ 85,000                  Cost to buy/rehab$      500/mo.           

If you have no money, no credit, and no experience as an example then a seller doesn't want time wasters.If a buyer has something to work with a seller might consider engaging them to see where it goes.Time is money and we all have so much of it whether you are worth 1 dollar or 10 billion.

An example would be you have found the deal so you would not need help with that.

However, on Redfin, Truila, etc. they look to be included and used in the $/sq. ft calculation.For example, check out this listing, there are 1610 main level and 506 finished basement but both are included in the total sq. ft.

Perhaps a relative of theirs can help you find that person, but even so, there are still potential issues.For example, ...Did the owner die intestate (without a will)?

We'll use my home as an example.

Living in the first property make sure to run the numbers with you leaving the property- for example if it is a duplex, run the numbers with 2 units and it should cash flow with the 2 units..To understand your market, analyze deals daily and understand your target renters for your market.. 

Im a licensed RE agent in Fresno CA, considering to bid for a property on public auction in auction.com, hubzu.com, homesearch.com. my question is.. for example, when I place a winning bid of 100K, and the property has a total estimated debt of 300K, does that mean I have to pay 400K for the property in order to get the title?