Eminent domain does not work that easily or simply. 

The Cleveland market would allow you to hit those numbers easily.

They could have just as easily put "Eddie" into the first name field and have it show up the same as the "personal" example even if the account is registered as a business with an EIN. 

Even if you are not cash flowing on day one, that's okay (in my opinion), you're not paying the full mortgage on your own, which in of itself is a huge win and you learn other tangible real estate investing skills along the way by simply owning. 

This is not including any financing costs and closing cost which can easily bump that number to 23k. 

Win, Lose or Draw he's still in the records from your filing;-)Housing Court Judge, speaks to us at MassRealEstate dot net annually.

Even if you all used the same app, your insight and experience allows you to make a better offer.Personally I would probably still use a spreadsheet just because you can customize it easily and it can do more if you need it.

You should be able to realize 3-5% pretty easily with that kind of money, so then it just comes down to how much work you want to do and how much income you need/want. 

Win win.

These are all cash purchases with 10 percent down at the time you win the auction via cashier's check.