They were great, but it would depend on who you got that day.  

And as many have said it depends on the auction terms.  

@Ali AllenMost likely it is a structural issue and if it's on a crawl space depending on what needs to be done it could be very expensive.

I have been pretty happy with selling houses with financing, I get an initial return of 10 to 12 percent, and then depending on when it pays off the returns could be as high as 30 to 40 percent annualized.

With one recent lead, however, (off a cold call to a vacant), I made it clear right away and said depending how he would like to proceed we can go two routes, then I clarified them, and he wanted to consider the cash buyer route, so I gave him a picture of that.Obviously, however, if you go for a cash buy and then say "no, you don't want to sell cheap?

Depending on the interest rate I qualify for which should be a good one, would this be a good move? 

It can be a great market depending on what you are looking for.

@Adam Dassie It's not all about cash flow, and depending on the investor you'll find different strategies.

Depending on your self wealthiness, you might ought to form some type of corporation or a LLC.You might ought to get some advice from an attorney and/or a CPA (or a tax accountant) on this matter.  

It really just depends on your own goals, if getting into the real estate business is a part of that.