Need some advise on whether or not to buy this bank owned property.

Lets say that the numbers were added up before hand with what the loan might look like and the person had a bank account that could cover 6 months of payments of what the bank would probably ask for the loan saved up. would that improve their chances with a low income? 

The interest money not paid is yours, not the banks.

Do I need the cash in my bank account on auction day? 

Then the rehabber holds the draw schedule money for repairs in their bank account (or an escrow account).

This being said, the 1st of our 3 opportunities will be an ongoing funnel of bank approved clients that are looking for a new home which we can provide that is basically hurricane resistant due to our patented building system which will be built on lots being offered to us by a private land owner, who will get paid once the home is built and family takes possession.

One strategy I used to use as a Realtor-investor buying Bank Owned property would be to forego the Realtor's commission to bid more competitively.

I am starting to think that lotteries are not the only tax on people who can't do math--so are banks.

I am looking for local lenders and banks to form a relationship with on a face to face basis.

I am looking for local lenders and banks to form a relationship with on a face to face basis.