The 100 opening bid was likely a BS amount with the auctioneer aurthorized to credit bid up to 400K on behalf of the bene on the 1st.

The cheapest you will find an SFR in a B- , C+ neighborhood suburb, 30-45 min from downtown will be about 175-200k. 

This deterred me from purchasing the unit and had changed my opinion on Condos as rental property, but I still feel there is potential for these types of rental properties.I have been eyeing a few up and have reached out to an agent with some listings of foreclosed condos in Edmonton, AB, Canada.

A couple things to consider as you vet your options:I never recommend new OOS investors go with anything below a B class property/area.

Alot depends on portfolio size, asset class (A,B,C,D), subsidized or market rate, mfam vs single fam (sometimes that doesn't matter), etc.  

It's in fair shape on the first floor of a duplex in a "B" area.

has anyone been in the double closing/simulateous close related to a whole sale in which the seller from the A-B transaction runs into the buyer of the B-C (A-C)transaction or how to avoid those two running into each other at close or should a wholesaler just be upfront and tell both of them what is going on?

Neighborhood is a B-, C+.

(By the way, your flip seems like a deal to me).I don't have that level of access (or time), and want income-producing properties for strong capital growth (like yourself).So I have been looking in my work area (Western Missouri), and the deals are there in Class C neighborhoods, but I'm having a hard time finding the Class C properties in the Class A/B neighborhoods (have not found a deal better than 0.9-1% for a multifamily in those neighborhoods, and the few 2+% in the class C neighborhoods, can't yet tell if they are war zones).

Your end buyer's money is used to fund the A-B transaction, so that you don't have to bring any money to the closing table.