Reasons that bid exceeds published judgment (amounts for these listed items get included in the lender's bid):Sheriff's cost Sheriff's poundage (a sort of commission to be paid to the sheriff based on dollar amount of highest bid)Transfer taxesProperty taxesMunicipal service liens (utilities and rental licenses for example) or delinquent amountsCode enforcement citationsRe-assessment of judgment (additional payments and interest from actual date of published judgment amount)Property preservation costs (winterizing, lawn care, board up, re-keying, etc. for a vacated property)Additional legal feesThat is not an exhaustive list - but once you start thinking of what gets included into the lender's bid, it becomes easy to see why the lender's auction bid can exceed the published debt / judgment amount. 

If a material item remains unfulfilled or is deferred until some future time, the contract is "executory."

If something comes up unforeseen, such as a plumber contracted to replaced all of the fixtures in the house but now there is a plumbing leak in the wall, then the plumber gets an additional $ for that unforeseen item(s).

. $40K to gain access to their "franchisee" training, materials and limited rights to use their name and trademarks in promotional items and such in your investing business.

Believe it or not but there are incorrect items on more credit reports than not.

Traditionally 10%)Vacancy (10%) $190.00 Total Expenses $1,509.00 Net Operating Income $995.00 Monthly Cash Flow $391.00 Yearly Cash Flow $4,692.00 Simple Monthly ROI 25.91%Also, your initial PITI amount doesn't match the total for the individual PITI line items.

Ask your realtor what the going is for the market in terms of which items the landlord pays for and what estimates are per unit. 

However, I agree with @Dan Mackin that is may be more burden to open and manage if you're just starting out with rentals.I also put together this checklist of items, which may be helpful!

Meghan, Belize real estate can be very diverse.

"Income: Wholesale real estate for small mark-ups to other investors & Refer traditional listings or buyers to well-chosen brokers for referral commissions" - Do you need to be a broker to do these items?