Most homes out here are new construction with prices competitive enough that no one wants the older homes.

Carefully review your competition for on-market properties in your price range.

There is way too much competition for HUD deals in my target market and the prices that NOO buyers are paying are ridiculous.

New investors get nervous and you'll need to manage them too, if they weren't motivated on their own they will be harder to manage along the way.Soliciting investors can get you in hot water, there are folks out there, like your competition that might just turn you in.

The bidding at these auctions is competitive, and no properties go for "pennies on the dollar".

If this 'auction' is a trustee sale because of default on a mortgage, expect to have competition at the courthouse steps.

If you sell for payments you will be able to sell to happy tenant-buyers willing to pay you money monthly to own a home that may need heavy cosmetic and light structural repair work.

So I don't think there is much competition for this property as not many know about it or are comfortable bidding online.

It's possible you can use that at the negotiation table to reflect a lower purchase price-maybe (apt buildings are often a competitive seller's market).

Welcome to the BP community @Jose Diaz Miami is a great but very competitive market for RE investing but a lot of money can be made if investing in the right areas.Good Luck!