Rereading the point put forward in the original post:"Please folks Don't be that guy.

I actually have read the guide but I plan on re reading it to retain the information one more time around.

And you have to work the additional hold time into your cost structure; that's why the winning bid in the OP was really low relative to ARV of the house.There are some of those that don't have any redemption; re-read regarding vacant / blighted, non-owner occupied, commercial property ...

While re-reading the property description, I noticed the above note: 'Property may have discoloration', and I have no clue what this means.  

When I re-read the posts on this thread it's unclear whether this is a sale of a probate estate property to be sold via auction or a foreclosure auction.I suggest the OP clarify this to get better responses.If an estate sale, the PR will generally sell with escrow and title and buyer gets owners policy.

I realize after re-reading my answer that I never said exactly what I would do...In my area, with the deals that are available to me, I would take the $100,000 from my investment property and re-invest it somewhere else.

Mark Weinmann I just reread your question and should clarify my answer.

I just re-read the documents and I noticed as additional information it states I, seller, must provide clear termite report at closing.

That is why I am an advocate for only using a few of these for your long-term portfolio.I re-read what I posted above on the 50% rule and it is sloppy.

Then I reread it.