You should be able to clean and do everything you need to do and still watch the baby."  

I came across a wholesaler/rehabber in Texas who has made the following pitch; Description: Under market value fixer upper 4 beds 2 bath, 1078 sqft, lot size: .13 acres, yearly taxes: $1,200.00, estimated insurance: $750.00, estimated repairs: 30K; central hvac, flooring, update kitchen/bath, roof, interior/exterior finish.Price: $49,000 CashARV: 109-115KExit Strategy: Owner Finance with 30K repairs: 5k down, $1,095.00 monthly P/I, 30 year amortization, 10% interest, Price: 109kRent with 30K in repairs: $1,095.00 with section 8, no need to chase the monthly payment, Housing Authority pays direct deposit to your account.He is recommending a cash purchase but also has a lender who does rehab loans.  

Once the new jobs and population growth slow down, you'll see prices flatten; what you won't see is that people suddenly decide it's too expensive and that prices fall through the floor. 

I hired a guy to do my hardwood floors (referral from another investor) and he showed up everyday in his beat up little toyota SUV until the last day when he came to collect payment he showed up in his huge Hummer with his entire family.

After putting in about $15k in to the house to "fix it up" ( mainly finishing floors and coating the horse hair plaster) my equity grew but of $40K.  

If you plan to bid on any of the house at the auction, make sure you do a little research first to make sure that the house has a clean title.

Roof, furnace, AC, water heater, siding, flooring, windows, appliances.

If so, when they move out, discuss keeping some or all of it to clean the unit. 

Title is clean.

I am in the process of renting out my 2nd floor apartment.