He worked at a military base 2022-2023, but his paystubs are from 2022?

Don't you love it when they paint over oil based with water based?

Also look into apartment amenities requires (bbq pits, play area, tot lot, etc.)

And that is actually why I put that part in the post because that plays into my decision here. 

I am interested to see how all this plays out. 

Valuation fluctuates based off of various macro/micro factors.

They are unlikely to be in good areas, so you won't get the expect ROI results.There are several lenders that will fund acquisition+rehab transactions based upon the After-Repaired-Value (ARV). 

A rent by the room or roommate strategy is great for expensive markets, making it more of an equity and cost reduction play for the long term.

I am an Albany-based agent and investor with over 18 years of experience in Long-Term Rentals (LTR).

So, that shrewd bidder got it for the lower price.With regard to deposits, the deposit in my market is based on the price of the winning bid.