I own and operate an internet advertising agency and I think I see a niche where my agency's skills could be profitably employed. 

you do not want your funds to be used to cover operating expenses if they are not reasonable. 

Below is my analysis:Assumptions:3/2 rents for $1900 (varies between $1800-$2300 depending on location/lot size)3/2 ARV $300K (low end of market)Hard money purchase @ 11%, 4 points3 month rehabPurchase/Holding/refi costs ~ $20kRefi @ 7% 30yearYearly operating cost $6000 (includes property taxes)Unit is rented out immediately at completion of rehabNumbers after purchase:Rent: $1900Average operating expenses: $500Minimum cash flow: $200Left over for Mortgage: $1200Refi max: $180kLTV: 60%Numbers for purchase:Hard money max: $160KRehab: $20k (out of pocket)Purchase/Holding/refi costs: $20kMax offer: $140k <----------Purchase price to ARV: 46.7%How do my numbers look?

Do not operate in your name.2.

Right now both of our properties are in our personal names and I operate under the LLC with my tenants, payments, maintenance, etc.

I have heard of incidents like this in where a worker/contractor, either operating as a DBA contractor or as a direct employee, requires that the owner is responsible for providing a working environment that is free from working hazards. 

They are super efficient and allow clean operation.

The 50% rule says that total operating expenses for a rental will at least be 50% of gross monthly rent. $1000 rent = at least $500 expenses.

(NOTE: I don't have any relationship with Auction.com, and in fact have found them a complete pain in the *** when I have won their actual online auctions; but at the courthouse steps, they're a very smooth operation.)Homesearch.com seems to be getting into the trustee auction game as well, and they seem to have a pretty similar setup to Auction.com, but I've never bought anything through them.

Not sure about your market, but the market I operate in doesn't command that I do a flip-quality rehab if I'm going to rent out to tenants.