(I know some are done electronically) I feel like the bidding could quickly negate a lot of the benefits when combined with the inherit risks of real estate lending.

We jumped through the R2R on our house for sale pretty quickly, but not so much on the new place we had in contract.

Any of that I can knock out quickly. 

If the block seems relatively quiet without much loitering, you may have a place where you can attract good tenants.  

That newer asphalt, or when it is resealed or newly striped, looks pretty sharp (but then you have some costs and maintenance), but I am not sure the attractive lot would bring much more in rent nor would gravel drive off good tenants.Finally, I shovel snow with the body sled type shovels and it would knock me out without a smooth surface underneath like asphalt or cement, so with gravel maybe check how that would work with your snow removal system (be it shovel, snowblower, or plow truck)...probably gravel best fit for plow truck...Best of luck

I currently live with them now, and it works out well (even though we all live in a single family home) but I have considered, what happens when the tables are turned and it's my parents living under me (even In a multifamily), and that is probably a whole different situation, especially when there is paperwork involved, thanks for the quick feedback everyone!

Quick question.  

Tell them you will pay them cash for a quick close.

@Shital Thakkar I second your comments @Salima Ali.Develop a buying criteria to help you quickly make decision and offers.

Make it attractive enough and someone might be willing to partner with you.