As far as the logistics, the entity should be set up first, you need that so you and your buyer are all set in advance.

It might seem easy to buy a place and avoid hotel costs, but there’s opportunity and logistics to that (what if you’re units are rented out) and if you just want an investment why not buy near by if your market works?

Even if you could manage all the logistics really well, there is still this 'guest factor'.

@Mallach DougThere's really a couple branches here - the economical side and the logistical side.  

CapacityThese are high paced projects and they have time restrictions, you want to know you are working with a skilled well oiled logistics team, you want to have a dedicated project manager not just an estimator running your job.

These folks likely have lived in their homes many years and don't want to sell their homes, in part because doing so would entail a logistical and traumatic nightmare because of all the stuff they had accumulated during their long lives, not to mention having to leave a familiar environment for a new one.So the question becomes, is there a way for real estate investors to enable these folks to stay in their homes but which, from the financial point of view, makes sense to invest?

@Ritch Bonisa  its also a logistic center..

There are local jobs, new business and warehouses moving in and logistically the city is near both Milwaukee (also a very interesting area) and Chicago.

I don't know if the logistics work for something that you basically won't know if you buy it until the day of the auction.

I could even live in it until it’s setup I suppose but that logistically sounds like a challenge.So what are you thinking after you stay local a little while longer?