I have asked them enough questions that were basically answered that it is more of an informal subcontractor type bidding (they are just bidding the subs) and pretty much they want the bidder to assemble the material, on that case, that is why I am asking here if it is normal with developers in the residential industry.

It's an option to be considered, and it's big business for the many people involved in the process -- lenders, inspectors, real estate sales, the home improvement industry, construction, real estate attorneys, etc.  

I was fresh out of college with a good job doing industrial sales, but I hated waking up every day. 

I worked in the title industry for 10 years and never heard of a "Seller's Policy".

Factors include proximity to retailers and how noisy the neighborhood is.Employees ultimately weigh about 15 variables when calculating a bid price, the monthly rent and renovation costs.

I do already have videos out on the web and I guess I can redo them or edit for the real estate industry.

You made the first step in connecting on the largest social network specifically for the Real Estate Investing industry.

I have been in housing industry for 40 years and the key is to find something that is below market and needs fixing.

Certainly you can shop the house to investors, check Zillow, get two or three realtor opinions, and with the feeding frenzy that exists, someone else may see upside in being able to make a profit for putting in the efforts, and might pay you a retail price for the current condition. 

Bakersfield is far from the bottom as prices have appreciated a good amount in the past few years, but pressure from oil industry layoffs have keep prices lower than other areas of CA (some of which are pushing all-time highs).