Pros:Potential for Bargains: Auctions can offer properties at lower prices than traditional listings.Speed: The auction process is usually quicker than traditional sales, with a defined timeline for closing.Transparency: The bidding process is transparent, and you can see competing bids in real-time.Cons:As-Is Condition: Properties are often sold "as-is," meaning no repairs or warranties.Limited Inspection: There may be limited opportunities to inspect the property before bidding.Financing Challenges: Securing financing for auction properties can be more challenging and may require quick approval.Auction Fees: Be aware of any additional fees, such as a buyer's premium, that could affect the total cost.I hope this helps you out!

The worst thing an Owner can do is to live in the same place as the Tenants. 

I am currently living in the southwest.

Now today, I learned through the neighbor she currently lives next to that she hasn't kept up the house, has been problematic, and apparently had eviction notices filed by her current landlord.

We're willing to live with this.The gray touches up very nicely.

you find the deal, present the offer and close.Finally, remember the additional benefit  of sub-2, like cash is a quick close.

I live in California (SoCal) and own my primary residence.

@Irving RiveraA few questions:1) Would you be living in the property?

There are different strategies to take advantage of, from live flip to acquiring units (many coming online).  

In addition to the workmanship, you want to work with someone who is good at managing time, people and his relationship with you, his client :-)    We are actually building out a network of approved contractors because one of the biggest pain points investors and landlords face in Philly is finding reliable solutions.