Under this Alabama new lien auction investors bid down the interest rate instead of overbidding, so the person who bids the lowest interest rate wins.

This was a win-win, as we were able to help pay the owner's medical bills, and we got a great investment!

@William Kercher this may sound obvious, but a good credit score is a pretty good indicator of someone who will be an excellent tenant.

I know another buyer has an offer in as well so if it is a decent deal what’s the highest you would go to win the deal?

Excellent Excellent Excellent.

: Lower Your Small Business Taxes and Tax Savvy for Small Business: A Complete Tax Strategy Guide Twentieth Editionlegal and insurance - Every Landlord's Property Protection Guide: 10 Ways to Cut Your Risk Now (book w/ CD-Rom) and supplement with Every Landlord's Legal Guide (generally speaking Nolo has a good collection of books)property management - an excellent resource is The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants With Fewer Headaches and Maximum Profitentity start and maintenace - Garrett Sutton's Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad Advisors)  and Run Your Own Corporation: How to Legally Operate and Properly Maintain Your Company Into the FutureAnd here is a set of questions to help you judge if you maintain your corporate well:How well have you separated yourself from your business?

Scott is excellent.

Tampa Heights is an excellent option (though getting pricier all the time) and the surrounds of Old Seminole Heights are worth looking into. 

@John Thedford Thank you for the links.And excellent!

You need a VERY trustworthy, available, excellent at what he/she does handyperson to be on call that knows your building(s) inside out.