Investment Info:Single-family residence buy & hold investment.

We said we would buy as-is and take care of all the trash ourselves.

My goal is to convert at least 1/4 of the units in a multifamily I buy into medium term furnished rentals (gradually) to bring in more cash flow.

Buy and Hold investing is a great avenue to begin with as most people live their lives off of residual income. 

So depending on what your investment goals are and what type of properties (Class A through C/D) and where in the city you want to buy, that can directly impact the level of stability one can find within the market here. 

If it is, it's super easy to show so it's not as much hassle for the buying or selling agent. 

Consequently,  there's rarely enough of a deviation in price between these auctions and what you can buy on the MLS/elsewhere with full diligence capabilities to make these transactions worthwhile. 

I want to buy it and build a prefab home 3/2 around 2k sq ft.   

You can also offer to lease with an option to buy to tie up the property until you are ready to purchase. 

Once you can define what you are looking for then you can create your "Buy Box".