How BiggerPockets, @Alexandra Hughes Pailet, and @Katie Miller went with the flow as the weather threatened (and did) to disrupt all of our outdoor events, travel, and transportation.

You’re right—commercial lenders are tightening up their guidelines, and it’s becoming harder to find 10% down on jumbo loans, especially with the current market conditions. 

Adjusting for the current conditions will be important to reach your goals.

As for foundation or other concerns about the condition of the property, there's no real way to know for sure since you don't have access to inspect the house before the auction (hence the risk).

Prior to the Section 8 tenant, the home was in "For Sale" condition, due to major work done due to flooding.

@Raghavendra Jakkani 1) This depends on market conditions.- If you are NOT getting a lot of inquiries & showings, you do NOT want to add roadblocks!

Your new build may be in good condition, but a lot of tax sale properties are not in the best condition (people who can't/don't pay their taxes also often can't/don't take care of the property).

They can take time with their search and be more selective about a property’s location and condition.

It can vary based on the neighborhood and the property's condition, though.

A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.