Thomas I see by your update the house has damage to it. This means your "competition" will be other cash buyers and FHA 203K loan buyers. Anyone using conventional financing or VA financing won't qualify do to the repairs needed. The other thing to consider is which bank owns the property. There is a 15 day hold on investor bids on Fannie Mae and HUD properties.
Good luck and again in you need an agent in the Roanoke area let me know I can refer you to a good one.h... more