Lots of people excited and bidding too much.The other option is if you have cash is to buy at the foreclosure auction. 

depending what type of auction but some deliver clear title . title research will have to be done before buying 

They offer their support by coaching, software for finding/tracking deals(off-market -pre-auction houses), and team support while making deals, also do financing of 100% of deals and split the profit  50/50. 

This property is going to auction.

We just closed on an all cash purchase via an SMLLC of a SFR at auction (at a healthy discount to market due to distress) that we intend to use as an investment property, and we're looking for guidance on the best strategies for pulling as much equity out of the deal as possible to roll into another property (identified but yet to be purchased).  

Feel free to reach out I deal with foreclosure auctions and just wrapped up 2 evictions.

If a foreclosed due to no payment of mortgage then auction will start at 2/3 of appraisal. 

Go to your local auction.

Use the BRRRR tactic by finding homes not yet for sale, checking out foreclosures and auctions, fixing up with trusted workers, keeping an eye on fix-up costs, renting to good tenants, setting fair rents, getting a refinance from banks that get the BRRRR idea, and keeping financial matters healthy.

Hud or any of the auction sites.