@Caleb Heimsoth  Yes fully expecting a loss, just trying to minimize what that would be. 

It looks like it needs minimal work and I don't think any of it will get you higher rent.

A high priority for me is minimal vacancy/turnover. 

Due to the high property tax, if I don't put 50% down, the cash flow will be very minimal.

That way, if you can't expand, you have not wasted your time and effort.  

It's about the simplest SFR I could find, with minimal up front costs, section 8 tenants in place until the end of the year and it's a brick house!

If you want to get into C/D class props, take your time to learn the ropes and try to invest in your own market so you can self-manage to minimize expenses.Use Google Earth to check out the neighborhoods they list in.

With my finances around 1,000 in savings and yearly income at 66,000, solid credit score with very minimal credit card debt.

If you are familiar with the auctions you wouldn’t even have had to waste your time writing that.

You generally get a little better rate because they have a bigger pool of money to draw from, but if you don't fit inside the box exactly they can't resell it, so they won't do the loan.That's why one of the first questions I ask myself when dealing with lenders is, do I think this one will "fit in the box" or not - I want the best rate of course, but I also don't want to waste my or the loan officer's time if I know it's probably not going to work from the get-go.