Next to acquire the right kind of lumber, in good enough condition, and in the large amount you would need would be very hard to do.

If this is true, then the financials surrounding the homes (i.e. larger down payments, low monthly carrying costs, the owner could move back in, etc.) are probably good enough that the owner can make the transition out of STR without much financial trouble.

So lets say I am willing to enter my minimum bid of 10% to some properties, how I know if that is good enough.

The approved amount is good enough for two townhouses basically.

J Scott Indeed, but I was affirming that the price range is good enough for me to work on (perhaps even for other contractors also) of course, paying an unskilled labor 15-20/hr vs 8/hr (plus wc, taxes, etc) in other states makes a huge difference in pricing.

Some will complain though that it doesn't go into as much detail as other sites for payment history but it was good enough for me. 

Say they were $100,000 eachHML = $40,000$20,000 for unit 1$20,000 for unit 2Finance through conventional loan unit 1 $80,000Finance through conventional loan unit 2 $80,000I know the deal will be good enough to give me a significant cash flow, but how would I be able to use a hard money lender for this?

Your price is good enough to get people to show, so your pricing is competitive generally, for the overall market of the type of property it is, but once they get there it doesn't show well and the price is higher than the perceived value, this could be because it's dirty, missing needed features, has a defect (tiny bedrooms) etc.. but the bottom line is the price is higher than the perceived value based on what these potential renters are looking at besides your property and ultimately renting instead of yours.Everything comes back to price.

There is a tenant in there who is interested in buying the property, but her credit is not good enough.

A cash-out refinancing mortgage is still not possible however this is already good enough of what we as investors are normally searching for.