It doesn't have to be a REAL deal, find something in your comfort zone (area and price) from the MLS and run the BP rental analysis on it... every day.

If you're not comfortable doing your own title research then you're probably not ready for these type of auctions, you can make huge mistakes and lose a lot of money very quickly (see the posts on here about people that accidentally bought 2nd's and HOA foreclosures without knowing what they were doing).  

I have a loving husband, loving kids, faith in God, enough money so that my family is comfortable, so therefore I feel like I AM the richest person in my state😉

However, I don't ever want to get comfortable in one location and lose my remote investing skills because the local nature of this business is one of the greatest advantages real estate has over other asset classes. 

Maximize your revenues. 

I would feel comfortable that they have built in protection and will consult the attorney with any questions. 

I'm glad the buyer backed out because the  realtor was going to have me do owner financing for the buyer in the amount of $46k over 4 years and I was not comfortable with that .

By having this knowledge ahead of time, they could negotiate and explain their reasoning while also knowing how much margin of safety they were comfortable with purchasing at.KRW 150,000,000 represented a fair price for the propertyBut at KRW 110,000,000 (plus furniture) our investors were severely limiting their downside risk.They tenant would provide most of the upfront cost.

I would imagine the sellers might be more comfortable with someone in there rather then the house being vacant?

Thanks for the feedback @Rob BelandI was definitely going to be running a credit check, but your information on 2 years of tax returns would definitely make me feel more comfortable if they turned out positive.