If their real purpose of selling is time, not money, they may very well be willing to do this.

Repairs may be higher but I not seen the house physically and websites seem to differ from one another.  3.

The highest bidder may very well be the worst choice for a tenant .

The plan is to find a property that can be updated with new physical features while mitigating my closing cost by getting the commission check as the buyers agent.

You'll also need a CPA (taxes & books) and an Inspection Engineer that will (inspect for your interest) and walk you through the buildings condition, it's physical appearance under, through and up top as well as any land or structural issues the inspector sees.Most attorney's will have a top end Real Estate Managing Broker they can or would refer you to for all of your questions and that person should/would be happy to answer your questions.I've sold many investment grade properties in my 30 years.

For my first multi-family, I feel more comfortable being able to drive up there on a Saturday morning and physically see the property myself.

Additionally get referrals on good property management companies while I am there.5)After picking final real estate agent and property management company, begin to physically inspect houses that meet my cash flow criteria.I was talking to an agent before, and she wanted to run my credit to find what I pre-qualified for. 

You should be aware that the Delaware requirements that: 1) There must be actual possession: the trespasser must be physically present on the land, treating it as his or her own; 2) There must be open and notorious possession: the act of trespassing cannot be secret; and 3) There must be exclusive and continuous possession: the trespasser cannot share possession with others, and must be in possession of the land for an uninterrupted period of time; -those requirements are all met if you act as a landlord who rents the property to another person.  

Since he only bought the property several months ago, he might very well be under-water, which would really make things difficult for you, because the Bank is going to want to receive a percentage of the debt on the property rather than its FMV.Joe from Plymouth hit on a great point here, that what you're really suggesting is either a seller-financed transaction or a Land Contract. 

Was your win involve an”educated” guess or was it physical knowledge you had?