The cash flow is good and there's room for improvements as well.

The original owner has 9 months to pay back tax liens, amount you paid, any improvements, plus 10%.

If you got into a niche and rented to graduate students for a two year program or something like that I could see some improvement.

Here is a link to a blog post on BP that compares short term rental versus long term.https://www.biggerpockets.com/renewsblog/2015/10/19/long-term-short-term-rental-vacation-home-property/

As Wix is an annual subscription about to renew, I decided to take this as an opportunity and make some improvements. 

What to do daily to improve from yesterday.  

The Tenant/Buyer shall have the right to make such repairs, maintenance, and improvements as Tenant/Buyer shall deem necessary proper or desirable.

Did you budget for the tenant improvements and leasing commissions that comes with signing office leases? 

I'm not sure how properties usually do at auction versus their actual value.

The costs of such maintenance and repairs shall be allocated as follows: *The cost of repairs, maintenance and improvements, which are less than or equal to Five Hundred and no/100 Dollars ($500.00) per repair shall be paid by Tenant.