And once you know your situation based on your jurisdiction (see your relevant landlord tenant rules too) layout, and situation, you have two choices: (1) DIY or (2) Hire it Out. 

It was a new base cayman and you can see it in my profile pic actually

My question will be for this type of auction and based on the reviews should I wait to bid on a property until almost the end or should I bid right away?

My preference is to buy the property with no tenant in place so I can do the necessary repairs/upgrades and then choose a tenant based on my own criteria.

So based on that, I assume this is basically a wholesaling contract. 

I'm a contractor based in Hammond and would love to connect. 

. $750- Screws, adhesives and fasteners (cement board screws, caulk, etc) $50- Paint $40- Miscellaneous $100TOTAL: $2530With all of that said these numbers would be my BASE run, and assuming I was spending my budget amount on each item.

Dom, it sounds like you should touch base with a real estate friendly accountant, so that you can run some scenarios by him/her.

In many counties, like where I live in Jackson County, they will reduce the assessed value of a property that is dilapidated or bought in foreclosure or whatever for two years (if you challenge the value based on your purchase or other info).

Market value is based on what hime prices are trending for and what people are willing to pay for.