Having a stand-alone entity also makes it so much easier to keep the operations of your rental property(ies) separate from your personal finances. 

I may profit by rehabbing because I (a) am a licensed GC (b) own a full retail renovation company that creates a volume i can (c) leverage with manufacturers for direct supply and volume discounting and by which (d) I have the full management and operational team at my disposal to perform on my properties at cost.

I understand there may have been confusion when I assumed that others were operating on that understanding. 

Im a Norwegian investor that will soon be once again operating out of Dubai(7.

Also, have a talk with the PM to let him know you would like to be more involved in the operations.  

If the property is only operating at 60%, then I would base my offer on that current operational level and not the "potential" of 100% Occupancy. 

@Alex HamiltonHere is a link to see what you can expect from these auction sites... this one is specifically HUBZU but Auction.com operates the same pretty much.https://www.biggerpockets.com/forums/311/topics/15...I have seen in my market where the property price is ran up in the last 15 mins of the auction then the property comes back on the auction over and over... 

I worked 10 years for the consulting arm of a big 4 accounting firm, helping Global Investment Banks, Insurance Firms, Multinational Asset Managers, and Hedge Funds improve their back office operations, specializing in implementing investment performance measurement systems.

Bad areas have their challenges but there are ways to invest properly and and you can even improve the property and the tenants in the property if operated properly.Management is the number one factor.

It seems that they operate with lots of search filters rather than keywords.