The reserve price wasn't met, but it's set very overpriced, and I don't think anyone would meet that price.The day after I won the auction, I received an email stating that the seller is offering all eligible bidders the chance to place another bid.

Therefore because of the low inventory there is it 0% chance that there's going to be a crash so if you are going to keep this mindset I would highly suggest you do research on what's really going on with regards to inventory because you're going to lose out big time.

By Chance do you know how much this will cost?

That said, there's basically zero chance of finding it for meaningfully less than the price you mentioned.  

Clair for around 15,000 but the chances someone will choose to want to live there is low.

In situations like that I am sure there is a much higher chance that someone would challenge the validity of that deed as risk the title insurance company would be assuming if they issued a title insurance policy.

Would you or wouldn't you if given the chance?

You live in Sacramento, and you presumably work in Sacramento, so chances are that you have the best chance of finding an undervalued deal right here in Sacramento.

@Chris Barrett that sounds great, any chance you'd be interested in a second position on my portfolio?

Based on what I've seen, there's a very good chance they will not obey the law, pay taxes, be a good neighbor, etc.