In my personal opinion, I think the return of 100% bonus (or at least expanding 179 a bit) is somewhat likely with the new administration, so it might be worth it to you to hold off on doing anything until things look a little bit more concrete.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

I personally think you can successfully market both your property management (PM) and buy/sell real estate services under one brand if you position them correctly.

Even with that, I think we will still be way ahead. 2 bed, 1 bath, 1200sq/ft, detached 1 car garagePurchase Price: $38,000Repairs: $20,000ARV: $96,000 (based off Zillow, but a local real estate agent thought that was pretty accurate)Mortgage: $430Insurance: $55Trash Included: $25Rent: $1,000We are now going through applications for our first tenant. 

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

I was thinking Stamford at first, but the projected rents seem low for the area.I have one comment on the financing, you mentioned a 30-year amortization but then also mentioned interest only, which one is it?

I don't think you're ready for any moves.

If I get nervous about the 1st 2 options, I can just not record the new deed and its like I never bought the property at auction and at the point, Merry Christmas to the old owner, because I just paid his taxes.A few things to think about nonetheless.I agree with the advice you received in point #2 since you are not a borrower or mortgagor or guarantor on the mortgage, anything on the foreclosure should not go against you at the credit bureaus.I am not sure about what you are stating in point #3.

(Mainly thinking about tax purposes)3.

I think your first plumber was in and out and probably didn't want to fix the problem because he was unsure of the fix.