The other interesting challenge can be contractors so I'd definitely get multiple bids and run my numbers based off the highest bid.

River, I have bid on a few properties that would be great for short term but most of what I am looking at are for long term due to town restrictions and very good school districts.

Recently I’m coming across the same issue while bidding on any house in my area EVERYONE WANTS CASH! 

We have 3 companies bid every property annually and we add the cost of consumables to cleaning cost and that is what the guest pays.Airbnb will convince you to charge $100, flex cancellation policy, instant book, and no cleaning fee if you let them. 

You should have a list of cash buyers that will buy or bid on every house you go to list. 

How much are the bids for those types of home?

A good realtor can generally help you win a bidding war with a higher earnest money and a fast close with no inspection if that was the case.Under the current circumstance you could pull out just enough cash that will allow the home to cash flow based on a LTR.

Total waste of time....they will also put the property out to bid to make sure they’re getting market value and they will make you jump through many hoops.

Shouldn't cost much, get a couple bids.

You have to go in person for an auction, which limits competitive bidding.