As I understand the process, the bank now holds title to the property and is auctioning it, not the court, so any issue with the foreclosure process is already gone and past.Biggest risk here is both the current condition being somewhat unknown due to likely no interior inspections and the post-occupant-departing condition.

1 home is like new interior, remodeled.

Hi everyone,My name is Stephanie and I am interior designer for senior living.

There were some cracks visible in both the exterior and interior and I would feel more comfortable with a crawl or full basement, where it is easier to visibly see potential issues. 

Both closed-cell spray foam (~R6 per inch)  and dense packed cellulose/mineral wool (~R4 per inch) have their place.In brick buildings (where it is safe to insulate the structural brick walls) and older buildings where we either have enough wall cavity to achieve our desired insulation value; are gutting the interior and have the option to deepen the wall cavities; or are restricted from altering the exterior of the building (i.e. heritage), I prefer to used closed-cell foam as it provides both your insulation and air sealing in a single step.  

Replace all interior doors and hardware w/ 6 panel vinyl doors and rubbed bronze hardware. 6.

This will probably be sold in 4-5 years as we want to get the above market rent we are currently getting as a result of doing a full remodel on the interior of the house and new roof.

I have a credit score of 760, my wife has like 690, I work all my own hours and have an incredibly flexible job that would allow me to put in "sweat equity" but I know nothing about handiwork- my wife is an interior designer.

Fannie Mae homes often come occupied, which will prevent interior access until after closing and evicting the occupants.Many vacant properties will be missing plumbing and wiring.

Gut rehab, cosmetic, more exterior than interior?