I'm curious since it is auction style and not closed tender, if this is a really competitive event and if properties start at 0$ or if the auctioneer sets a starting price at the time of bidding?

Conventional or government style loan considers a lease as a permanent lifestyle choice.

Pick their brains about all the cost of repairs for every detail of the house such as how much would it cost to replace a roof that has a mid sized pitch on a ranch style house with 30 year shingles?

Design style?

My initial thought was to come up with 5-6 different unit styles that can be mixed throughout the project. 

It will need to be a LLC style account, not an IRA.TD Ameritrade is a good choice.  

me personally, I'd keep the cashflow coming and find a way to leverage the property to grab another, or another couple depending on how much you can get from the bank and combine with savings/loans/etcgood luck on your decision. ultimately do what works best for YOUR investing style and goals.

We purchased a condo with industrial style and there is one exposed air duct in the living room.

This property is also part of an HOA that provides a shuttle service for my guests to the beach along with a massive resort-style pool.

I looked at 4822 9th St last weekend and it would be the perfect STR thanks to its unique shack style and the fact that it is in the middle of two commercial lots (no noise complaints).