When it was all said and done I still ended up being able to pull about 5 to 10k more out of it than I put into it.Current mortgage including taxes and insurance is $1,519 and it's currently rented for $2,546/month.Yes, you can buy a house at auction that you then flip and sell for market value.And yes, I have participated in online auctions.This reply is over a year old, but did you have the hard money lender you were using already in place before you bid?

That leaves $400 to cover taxes, maintenance, vacancies, etc.Now, let's pretend ALL your expenses come to $2,600 and you have $400 left over.

Send me a PM and I'll send you a couple of examples of what is on the market outside of Atlanta so you can run your numbers and see if that fits.

Heightened regulation is going to be a nationwide trend over the next few years.  

Over the 30+ years my wife and I have walked and pencilled well over a thousand possible deals. 

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In the past two years we have completed over a dozen flips, We are holding 20 rental units self managed and 2 self managed Air BnBs.

Yes the VA OTC loan is a great product. 

@Tyler LingleTyler--congratulations on the purchase. 

Where I operate In PA it is customary to list the rental at 1 months rent and split the commission 50/50 between the agents.