Just because the theoretical opening bid is the tax amount they usually sell substantially higher.

@David Schaaf  We have a local meetup that is usually on the last Thursday of each month.  

Have to pay cash because furnace and water heater were removed so can't get conventional loan.Property needs usual cosmetic updates: paint, floor, kitchen cabinets, etc.

It appears to me that the two that run it have found a great way to get some extra cash to invest on their own deals.  

I usually use 65% of the retail for the numbers to work.

As an experienced fix and flipper, you will start to receive more flips than you can handle; which will allow you to start wholesaling the extra properties.When you are out looking for deals make sure they are deals!

I usually borrow $50k of my uncle when doing rehabs and pay him 12% ($6k) its a win/win

Usually in higher end neighborhoods it doesn't pay to add a second unit.

I am mainly invest in Palm Beach county , in condominiums ,looking mostly 1-2 bedrooms,usually buy bank owned or short sale  

Property is a 3 bed 1 bath with a weird extra toilet in the basement.