I see improvements as being more minor work, perhaps requiring less skill (e.g, cosmetic improvements like carpet and paint) and rehab as being a project being truly rehabilitated and much more involved.  

The last time I was involved in a transaction like that, I was buying a car and could almost literally feel the salesperson's eyes sizing me up to determine what he could squeeze out of me.

There are so many different expectations, so I think it's best to ask what they are looking for, and find a solution that works best for all parties involved.

No "they" involved, just me. 

I have also been involved in a few rehab/flip projects and numerous residential and commercial real estate transactions.My brokerage, based in Carlsbad, specializes in mutli-family properties.

What types of work or commerce are you currently involved in? 

It seems that you may have a different view of what my perception of the meaning of "less passive" is.What you have stated above is why I consider that option to be "less passive" due to further involvement with the investment 

In my spare time I enjoy basketball and am actively involved in the community.Thanks,Mike

Buy one property to see how much is involved.

Im interested in going to see how this auctions works and whats involved.