What % would you go for at his end to make a win/win and long term relationship? 

Don't get me wrong, I'm a proud, card carrying Tea Party Capitalist.  

One thing to remember is that the house always wins.  

It will be owner occupied for a minimum of a year and i currently own my own condo which i will rent out so the multifamily will be my primary home.FactsPrice range for the property is 300K - 500KMonthly payment for all properties i have explored with agent is 925-1230 (all the analysis factored in projected rental income and maintenance and most of them were already rented which gave us the rent needed for underwriting)Current cash saved for downpayment = 45KIncome = 80K (45% is 3000/month)Condo PITI+HOA = 720  (currently FHA)(market rental for similar units in my area is 1000-1200)Total monthly debt + Condo = 2000 (approximately 250 is credit card debt at 0% that can be paid off if needed but have been saving the cash for DP)As you can see i will not have enough for a 20% down conventional and cannot go FHA because my current place is FHA financing (the refinancing process would take too long to switch to conventional).

Afternoon everyone.Just wanted to introduce myself, I am Ryan from melbourne, Australia and our team are cash buyers in the Cleveland, ohio region.Additionally through our network we always have access to some great deals in the area.Would love to network and form some strong relationships and create some Win/win deals for everyone.Ill be coming over on behalf of our team to the US in May purely to form relationships and buy property.Look forward to hearing from you.Cheers Ryan

If you think all of this can be worked out it will be a win-win for both of you just be very cautious in the decisions you make and good luck and be blessed.

I want a win win for everybody.

I'm now opening different credit cards in each of those llc's building a credit report for each. 

They do risk actually winning the bid, though.Whether the second would accept a small payment rather than take their chances in some other way depends on their evaluation of the deal. 

Whats the point of the bank winning the auction, taking ownership and liability, only to get the same price as the bid later on MLS.