@Kyle Mitchell, I am curious how your price per door is below target if you are at the price you were hoping for.And, as others mentioned, what was the primary metric you used when raising capital? 

We’ve thought about trying to raise our offer to 257K and then just have the seller give us 7K in cash to pay for the new roof.

Challenges - Deal with inherited tenants and balance of raising rents and setting new rules and expectations without coming a crossed as the greedy landlord.

We actually made MORE than that because we've made good cashflow from the apartment building during the time we held it.Here's the HUD Settlement statement:Here's the picture of the front of the building:True No Money Down Deal - No Capital RaisedThis is a TRUE "no money down" deal as we did not need to raise private capital or used OPM (Other People's Money).

@Joe KrugI have NEVER been a fan of the crowd sourcing platforms as many of the deals on there are people who could not raise money via conventional means so go to a platform.

:)So, a little about me:I'm a Long Islander, born and raised.

I have no idea if my title makes sense or is even possible, but I'm wondering if anyone has ever purchased a property and once stabilized, raised money to pay off the mortgage. 

I have owned the property for 2 years, I have done about $33,500 worth of rehab and raised rents almost 17% since the initial leases. 

As a new invester, when looking at Auctioned Real Estate how in depth should I go, and how should I raise  capital to purchase these potential opportunities?

Longer leases are typically more advantageous to the tenant since they have a guaranteed place to live, can’t be kicked out (except for very serious violations of the lease), the landlord can’t raise their rent, etc.