or any experience buying homes at auction in Sac? 

I haven't thought as far ahead as looking at potential areas to buy property.

@Brady Bitter since  you are buying new construction what makes you think you are getting 25% equity.

I just heard a strategy of selling points instead of buying points.

(August 2022)Single-family residence buy & hold investment.Current Value Estimate: $410,000 Purchase price: $345,000 Cash invested: $5,000

(The power company in MN will offer you a chance to buy the warranty after the furnace/ac is broken and come back the next day to fix for free.)

We said we would buy as-is and take care of all the trash ourselves.

Most are going to want to lend on the rehab as it ensures the rehab to be completed,There are numerous ways to pencil it out in your favor though.It benefits to work with an experienced broker who can guide you through the process and put you into the best possible product and solution out there for you.

Most who get tripped up are those buying the smaller multi-families that don't possess the correct use permit/historical rental license activity. 

Quote from @John Aaron: Anyone know any hedge funds that’s buying right now and their buy box?