Many buyers in Ohio shy away from homes with structural issues so if you're willing to take on the project you can find deeper deals. there is always more risk and fear investing out of state but sometimes you need to take a chance.

I have negotiated and purchased HomePath properties and they all use the automated bidding system with a structure including various rounds ending with H&B.

Those seniors will want doors and faucets that are easier to turn and a bathtub that is easy to get into, a few more garden areas, plus perhaps a simple play structure in the backyard for the grandkids.3.

Can always make an offer with contingencies for physical inspection of the property or documentation.

I would NEVER EVER make an offer on a property I have not walked thru physically.  

@Brian GibbonsI was not aware of this issue if its structured like that.

I just want to hit this question with multiple angles so I understand how to structure the deal in an educated way as oppose to looking newb(Although I am).

I have to physically go to the bank and try to cash the check to know if it clears. 

If the deal is structured correctly and your lender calculates out the costs correctly, you can get in for simply 3.5% out of pocket.

Most private lenders will want returns way in excess of that (think double digit interest rates), unless it's family or something along those lines.In order to make the deal work for them, you will want to structure it with an exit strategy that allows some way to convert the loan into a regular mortgage, allowing you to pay off the high interest private loan.Basically, you'll want to put together a deal just like you are doing a flip.