The homes I own total to 24 bedrooms, 8 bedrooms per home (1 master and 7 shared bath bedrooms).

My goal would be to have about 60K total to put into something.

My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.

Oh, forgot to mention, this was prior to self rent rules. 

I signed up for a 7 day free trial to try out the tools, but I forgot to cancel on time.

.: Thanks for the replies I totally understand you can not eliminate risk 100%I was just wondering if there was a safer way to handle this. 

Quote from @Mark Thiel: So I’m a total newbie when it comes to real estate investing outside of owning a few personal use homes.

For example:Item                 Estimate    Confidence      Low        HighDemo              $2,000      90%                  $1,800    $2,200Construction      $15,000     80%                 $12,000   $18,000Misc                   $4,000      75%                    $3,000  $5,000----------------------------------------------------------------------------TOTAL                 $21,000                           $16,800    $25,200Obvious this is a grossly oversimplified example. 

Tel them you sold it and then start asking them random questions that make me seem like I am totally insane

Purchase Price of $215k + $240k Reno costs Totaling around $450k all in.The property appraised for $875k What made you interested in investing in this type of deal?