We will repair items that break due to ordinary wear-and-tear, but we will not be making improvements to the house to satisfy your personal preferences.The Landlord"

It is my experience that it is very rarely the same as the judgment amount announced by the sheriff.Before bidding, it is very important to know the position (or seniority) of the lender foreclosing.Because it determines who gets paid first and who could get nothing from the proceeds of the sheriff sale.For example, if you are the highest bidder on a loan foreclosed by a second position lender, you would still have to come up with the amount to satisfy the first position loan before you can take ownership of the property.Effectively, you can lose ALL of your money if you don't know if you are unlucky, have not done your research and don't know what you are doing.It is recommended to always have a title research done before bidding at auction.That is expensive and for that reason, it is my impression that very very very few people bidding at auction do that research.

Que the local investor, despite the US lacking listings to satisfy middle-income home buys investors are seeing their businesses grow.

I will do the repairs as cheaply and most basic possible in order to satisfy them. 

All of these little items don't seem like much but, when you want to sell, it means a whole lot of something, to a potential buyer.When you are satisfied with all of the above don't forget to do a flawless property inspection.

@Ian Hurdle have you found a PM company that you were satisfied with ?

Which to me sounds like a great option to satisfy my needs. 

While it's cheaper than hard money if you stay in budget, you'll need a plan if you go over so it may be beneficial to go hard money and use your reserves for overruns and emergencies.2) Will you be satisfied only working on a single property to completion if another opportunity arises while you're working on the first?

What would be the annual yield/roi that the financial partner would be satisfied with?

All it takes is a politician ready to satisfy the locals complaint of lack of affordable housing.