It all depends on traffic , road conditions , and time of day or night .  

With that amount of $ 8 do not see you making $150K + in your first year as with that much $ you could probably get 3-4 deals a year done and this can vary depending on your construction experience Look at it this way, if everyone had $20k and could make $150k+ a year either everyone would be doing it and/or there would be no deals left.

@Marnu VanNiekerk - it depends greatly on price and location.

They were great, but it would depend on who you got that day.  

I have searched the forums and the internet for these numbers but I can't seem to find them.

And as many have said it depends on the auction terms.  

@Ali AllenMost likely it is a structural issue and if it's on a crawl space depending on what needs to be done it could be very expensive.

I have been pretty happy with selling houses with financing, I get an initial return of 10 to 12 percent, and then depending on when it pays off the returns could be as high as 30 to 40 percent annualized.

With one recent lead, however, (off a cold call to a vacant), I made it clear right away and said depending how he would like to proceed we can go two routes, then I clarified them, and he wanted to consider the cash buyer route, so I gave him a picture of that.Obviously, however, if you go for a cash buy and then say "no, you don't want to sell cheap?

Depending on the interest rate I qualify for which should be a good one, would this be a good move?