A building like the one you posted is easily high 7-figures or more.You need cash and lots of it.  

However, if I were to split the house into sections it could easily be a 3 bedroom over a 1 bedroom over another 1 bedroom.

When building my home, I could easily have added $1M to the price tag by just using concrete and steel.  

I took my time to aquire quality properties that rent easily and are well maintained.

And let's say that nobody is willing to bid above $100K, so the bank gets the house back.While it may be true that the bank's purchase price of $100K wasn't a very good deal (as Rich pointed out, the bank "overpaid" for it at $100K), that doesn't mean that investors won't have the option of picking the house up as an REO for much less than $100K.In fact, the bank will probably list the house on the MLS at between $70-100K (given the scenario above), and if there are no takers, the price could easily drop by another 50% or more.So, while investors had no opportunity to pick up the house for less than $100K at the foreclosure auction (which wouldn't have been a good deal), they very well may get an opportunity to purchase that same house as an REO for $50K or less.And buying REOs is *much* easier and less time intensive than buying at auction (in my opinion and experience)...

I would think excel could be easily confused if I don't set up correctly.

You can easily find those kinds of investments in the Cleveland area.

If they are professional, they can explain this quickly and easily.

I use it to receive maintenance calls and easily send work orders to handymen and contractors.

To my surprise I was able to find them, rather easily at that!