There are basically two bid amounts(Tiered bidding not withstanding) that are established in a foreclosure auction.

What is your plan after you have exhausted HELOC?

A week of exhausting obsession has left me skeptical. 

There are plenty of nice and easy safe, and even turn key bets in metro Detroit where you dont have to worry and property management that can withstand the small problems. 

@Patrick Eddy You should never offer cash for keys until you have exhausted other options.

[It is currently empty] Both units have a space for a small stackable washer/dryer BUT there are no dryer ducts/exhausts/vent AND in the upstairs unit the plug would need replaced [it doesn't work and the inspector doesn't know why]I don't plan to buy washer and dryer because of the other expenses we already have [new flooring, plug for downstairs stove, need downstairs appliances] putting us near the top of what we can spend right now, but if I put in the new plug and ductwork, they could potentially buy their own.This is not a high rent area [think 05, 09, 13], but what do you think the positive/negative impact on rents would be to either: a) not repairing plug or adding vent and saying, "Sorry, no washer/dryer" or b) repairing it so they have the option if THEY want to spend the money.I would love to do it just to make my units nicer, but I have to be cognizant of what I'm currently spending.

There's no urgency or rush currently on the home but at the same time, I don't want to exhaust all our reserves and financial risk as we have most of our funds tied up to this home.

I don't know the details of the property, but if there are some risks that are just a "No Go", such as frying food without proper exhaust and fire suppression systems, that could make it uninsurable in this market. 

It's exhausting.

I know it needs to be quality enoughto withstand the wear and tear of tenants over the years, but I am aiming for the cheapest option with the highest quality.