And when we have the next recession, rent money keeps coming in because people need a place to live.

I have acquired my experience from working on my personal live-in-flips and building ADUs, as an owner builder and self-performing most of the work.

But if the people living in the property were previous homeowners the auction will give them a date to move out?

Owners were divorced, husband was living there and not paying his SBA mortgage.

https://www.crefcoa.com/assisted-living-loans.htmlhttps://www.lument.com/property-type/seniors-and-healthcare/

It seems like you both have conversation to buy and hold properties in long hold. 

The property is a double lot and 3 bed 3 bath, but my thinking is it is rare to have the chance to own 3 lots in a Downtown area that is quickly being converted into townhome and higher density living.

Current owners are still living there and need to stay for 30 days after closing.

Quote from @Patti Robertson: No, I'm not military and I will be living in the home fulltime.   

I lived in one unit while renting the other unit out.