We are currently bidding constantly on these kinds of projects.

I ask because I looked thru the Owner/Investor packet that a successful bid would get, and the options for type of financing are : FHA, conventional, cash, 203k (if I am reading correctly). 

We ended up buying a duplex that we felt fit our criteria and hoped to rent out one of the sides for $1775 and it got bid up to $2000/month and they moved in 4 days after we closed. 

I am currently getting bids for the repairs/remodel, so far I'am looking at around of 20K - 25K  of rehab work.

I actually bid up the price between myself and the auto bid software to what I felt was the rock bottom lowest they would accept, and they did!

Make sure to talk over the septic situation with them.As long as they are on-board then I'd hire an architect and bid it to a few contractors and see if it made financial sense.

There is an upcoming Wayne county auction where guru has developed a program to pick out the golden nugget properties based on zestimates (not super accurate), starting bids, zrentals, and up and coming areas.  

So I won't be bidding against people online.

We recently had a single family infill project bid by several contractors and were blown away at the prices.  

Also located in EverettContractors are tougher, if you want someone who is great at communicating and will actually give you a detailed bid, you can reach out to Property Doctors.