Rule of Thumb - Setting prices at auction on Foreclosure auctions

[Steve Hodgdon]

Hello BP Universe - I'm a small note investor and have had to take some properties to foreclosure. I want to turn the properties and not do the the fix and flip game. 

Any experience or ballpark guesses on what you typically price a bid as a percentage of full value BPO? Rust belt and Florida are where I have 3 working their way through the process now. 

Is 70% of a Clear Capital BPO in the neighborhood? I know each property is it's own deal, but if you could share experience on your purchase %s? 

My hope is to make a skinny margin or recoup my costs and leave room for the next investor to make a living. 

Thanks!