High level I think this explanation gives a rough idea (got info from private lender link)“Eligible Bidders for Post-AuctionAfter the auction sale, any of the following types of bidders can out-bid a real estate investor:Tenant occupying the subject propertyPersons purchasing the property to make it their primary residenceNon-Profit Organizations that promote affordable housingCalifornia state government entities”“Here is the process created by SB 1079, after the auction sale:Within 15 days of the auction sale, Eligible Bidders must submit to the Trustee a non-binding Notice of Intent to BidIf no notices are received, the Trustee transfers the deed to the auction’s winning bidder on Day 16.After the 15-day period, Eligible Bidders have 30 days to submit an actual bid along with a cashiers check for the full bid amountTrustee will issue the deed to the highest Bidder

Yes, the apartment complex actually promotes it.

I diversity with only putting 5k in per note, but even if only one defaults, when you adjust your return its pathetically low compared to what you can get elsewhere. 

Modern/diverse economies4.

We have significantly outgrown investorcarrot host and I don't quite agree with their SEO strategies..and lastly, there is a bozo out there that copied my website, my SEO, my EVERYTHING, and investor carrot is promoting them DESPITE them knowing he is a fraud just because that fraud is sucking up to them.It is UTTERLY disgusting.So I am done with them the second my host is up and running!

I think they should stop promoting it on their podcasts.

If you have a lease: 30 day diversion and court date.

The other piece of the puzzle for an FHA loan would be income, so if you have an opportunity for promotion or higher paying job, it will help you qualify (for this and future properties).  

Warren's housing market is pretty diverse. 

In larger deals 10% “promote” is pretty standard.