Luckily I do not need much work done other than a new roof which can be handled in an alternative way. 

I am curious as to what you guys think of this investment and what are your options for any alternative creative financing options if the seller is open to them.

Is unbelievable how many have gone through.

The only exception is if you buy something totally dilapidated and those properties are quickly snapped up by wholesalers and local developers. 2-Focus on second and third tier resort areas that are in states that no one thinks about. 3-Focus on second and third tier resort areas near the big tourist resort cities.4- The only alternative is to create a resort area.

I'm gonna look for alternative ways to get the money and get approved for a mortgage.

Looking to figure out an alternative to acquire loan and get into real estate.

Alternatively, there are some overlooked properties that have been on the market a long time and you usually have more negotiating room with those properties, and more time.

I have seen some unbelievable things, from illegal tattoo parlors in my basement, to dozens of dead fish on my roof... so I eventually trimmed these out of my portfolio.

Alternatively, if after the auction they decided to list the property with a realtor above the auction amount in hopes of earning back some cash, I would not be able to put in an offer due to all my cash being tied up in the auction (it would be much preferable for me to buy via this more traditional route, as then I would have more regular financing options available, even if it was a bit more expensive).  

Yes, it will feel like you're paying 8% APR or so, due to taxes.What are your alternatives?