@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

Just be sure to check local regulations because some spots are cracking down on STRs.

Check out the Short-term and Vacation Rentals forum.

Get an estimate from a GC to get a good idea of what is required.Market Comparables: Check what similar-sized homes with finished basements or additional bedrooms are appraising for in your area.

You can also check their reviews online at Google, Facebook, or Yelp.

Our standard email with the bid states, please contact us to discuss & redline to your budget.The only thing we will require are health & safety repairs, to avoid a lawsuit.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

To find reliable contractors, ask for recommendations from other investors, real estate agents, or your local hardware store, and check platforms like Angi or Thumbtack for reviews.It’s best to bring a contractor out after the inspection so you have all the details to discuss.

Local REIA groups and meetups (check Meetup.com or BiggerPockets) are excellent for connecting with both new and experienced investors.I’d be happy to grab coffee and chat about the market or share insights.

Switch over to a standard financial lending institution.