After a few weeks of intensive inspections, we successfully closed on both houses.

Do I change up my criteria and investigate this bigger property.  8 units means more tenants, more expenses, and more labor intensive property management but it also means more rents.  

So always file - even if the tenant looks uncollectible - you never know when it will work out in your favor.

If you want to buy a house in foreclosure, do it the way everyone else does it, talk with the owner and work out a deal with them.

And if for some reason this doesn't work out I know a broker here in Dallas that is looking to hire a go getter such as yourself for the Tarrant county area.

There are not many comps to choose from.Should I write an offer include a few out clauses,  contact a local realtor and see if we can work out some kind of arrangement.  

I usually do not work out of that area,however, if I could find an active investor in that area looking to buy, this would be a possible wholesale deal.

Real estate is a capital intensive business.  

That said, the new bank is trying to recoup what they are owed in the auction which is scheduled in two weeks.Here are our options as I see it but I am hoping some other savvy investor see's an option I am not thinking about:1) Building's Attorney is currently contacting new bank's Attorney to try to work out a deal (This may not ever happen because they are not responding) There was a summons severed to my building incorrectly so our Attorney is hoping to stop the auction on a technicality but this will probably be expensive.2) Building can go to the auction and bid on the property but we will need to pay cash (over half a million dollars) no financing allowed.

I am currently working on an off market apartment complex in Lincoln Village, I'm crossing my fingers it will work out.