I have an end buyer that I want to flip it to.

Now that you mentioned the headaches, it might be best that I focus on areas where I know I'll be able to build equity or find buyers that are looking for properties in those neighborhoods.

@Jared Viernes - you are there to help solve a problem for the seller if you are a buyer or buyer's agent.

I plan and hope to get a low down payment amount with a first time buyer FHA loan.

I am about to be a first time buyer, don't have the money for a down payment but I have very good credit and the bank has agreed to finance me 100%.

Guru wants to charge me $5k for acquiring the property (bidding)Guru wants to charge me $10k for managing the rehab and using he software to find the golden nugget properties)Plus the auction site charges a 10% buyers premium which I would also paySo overall guru wants $15k each ($30K for both buy/holds) to buy and manage the rehab remotely.

He then sells houses to buyers by wrap around mortgage, and keeps the difference.

I think the buyers that will have to pull back are those who took a financial hit from the storm.If you would like to have a conversation about their options, send me a PM.

You do have to pay a little buyers premium and closing cost are fairly high. 

This is the approach that cash buyers take to create artificial cash flow.