If you are concerned about your sales income stability moving forward, just make sure your reserves stay big enough to let you sleep at night.

I'm concerned with how to enforce any rules now that he's trying to skirt the lease.

As I am not a spring chicken with my age..there are always concerns about "What happens if I die?"...

In case you're involved in riskier tactics, having an LLC might provide you further assurance.Understand Local Laws: Recognise local laws pertaining to LLCs and property ownership.

As for foundation or other concerns about the condition of the property, there's no real way to know for sure since you don't have access to inspect the house before the auction (hence the risk).

Since the potential properties can be removed from the list in last min,  my major concern is when i fly in, the properties i'd liketo bid on could be already invalid from the list at auction. 

We have a note in property stating for guests to contact us within first 24 hours should there be any concerns.

With solid records and compliance, there’s little reason to be overly concerned about the size of the return.

From what I remember, they addressed all concerns such as insulation, insuring them, or anything else that might come up without relative problems.

You can:* accept as is (or ask for credits)* demand the seller fixes it and gets town sign off* demand the seller rips it out (e.g. an illegally finished basement)In theory, these changes should be grandfathered in and aside from legitimate safety concerns (e.g.