An absolute auction is a type of auction where the property or item is sold to the highest qualified bidder without any limiting conditions or minimum price requirements.

Question 2:  Should I even consider the low 500s score? 

Assuming their income is low enough they don’t have to pay any state or federal taxes…Assuming they don’t have a car as the payment and insurance would pry be $800/mo.Assuming they don’t have to pay any utilities as that would probably be $300-$400Assuming all their food is provided by the school or that would be $300-400 minimumAssuming school is costing them nothing out of pocket.

However, if inflation averages 5% per year during this same period, that $8,533 will only have the purchasing power of $5,239 in today's dollars.If you invest in markets where rents do not outpace inflation, you will eventually face two choices: continually cut your living expenses or return to work.Rents Follow PricesProperty prices are determined by the imbalance between supply and demand.In markets where supply exceeds demand, prices are low, enabling more people to buy rather than rent, limiting rental demand.

@Diego Montoya You are absolutely right.

To prevent low values in the refinance process, we are able to get your preferred appraiser signed up to our AMC panel.

If I was a tenant I would stay away from Absolute NNN. 

$10k is absolutely insane.

It requires A low down payment and you need somewhere to live anyway 

It’s good to see that foreclosure levels remain low and we’re not heading toward another crisis like the Great Recession.The fact that most foreclosures today are from investors who over-leveraged in 2022 highlights the importance of proper underwriting and maintaining equity cushions.I’m curious, do you see any particular markets or states where the judicial process is causing inventory bottlenecks, or is it fairly consistent across the top 10?