You do have unsophisticated borrowers attempting to conduct a business enterprise, the degree of scrutiny is much less with commercial but, basic theories, such as knowledge of the parties, prudent actions of an informed seller or buyer, acting in a predatory manner still apply.

In most cases, both short-term and long-term postoperative pain was acceptable.

They may accept less, or it may go for more, than the listed price.

People have success at both, but I tend to see them specialize to some degree as the two strategies are quite different (for example, to flip you want it show room nice, but to rent out, the property may already be in rental condition or close to it)..

To the extent possible, the Baseline Standards will leverage off of existing standards or generally accepted business practices.

On a couple of deals I've closed this year, my offers were I write the Sellers a check for a net amount and I pay all the closing costs, unpaid taxes, lawyers fees, title, etc.One property is a 10,000 s.f. commercial building that was listed at $90k and I originally offered $50k that was accepted.

Say if I were to win the auction and get an acceptance from the bank on my bid/offer, do I become responsible for it? 

These properties will require a group deciding if they will accept your offer or if they will have another sale with these properties. 

They are still getting back to me on what they would want, personally I don't care what they want for the property if it doesn't fit my threshold of an acceptable deal, 2. but realistically thinking of Cap rates and what could be done to increase the value of the property once bought.

As the strategist in putting together deals you must concern yourself with 1) end goals of all parties  2) experience and skill of all parties  3) the fears of all parties  4) the emotional condition of all parties 5) The risk acceptance of all parties 6) the comfort level of all parties and 6) your strength of relationship with all parties.