Anything you buy in a reasonable area is going to run you $70k+ all in.

In this case you are the customer so it's even easier.Knowing you, I'm sure that you got everything above in writing, so you will be fine.

Another example of this is the reduction in new construction starts for residential over the past 1-2 years.

In one instance I was told that the seller was expecting 92 to 94% of UPB, which was in that scenario equivalent to a 85% LTV, and I thought this was too high for the amount of risk and unknown involved.I would love to be buying these around 50 to 60% LTV but don t know if that s realistic currently?

In that case expect to give up around 90% of the ownership interets as well

What are the trends showing in the 78747 area? 

Do you still live in Ethiopia or in the U.S?

I am using HML now but it is hard to do a Full BRRRR because at least with the last one I still left $14,000 into the property plus since I tried selling first I had $10,000 in holding costs over the 6 months it took in rehab and 3 months of it sitting unsold on the market until I decided to rent it.

are the tenants in good standing or are some behind? 

i didn't even know auctions gave opportunities to actually have access to properties beforehand.Given your line of work, i would say that you are uniquely positioned to work well in the outlined situation.