The 1st was a complete waste and actually shut down during my 3rd week in.

Most current foreclosure starts today, do not end up going to saleWhile not an exact correlation, housing foreclosures vs foreclosures starts, the few foreclosures that complete under the present circumstances, makes it very slim pickings in the foreclosure space. 

Long story short, the properties were far from turn-key and required that I find an out-of-state contractor and property manager to complete renovations and find new tenants. 

@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.

This is sound advice and I think you may have been reading my notes.

Complete knockdown and construction of new home What was the outcome?

It sounds like you have an un-permitted unit, which is essentially always a risk since there has been no notice to the AHJ that it exists and they can therefore initiate a code case to have it removed in most cases.

I am a 20 year old college student at Purdue University, currently completing my 2nd semester of my Junior year.

He had already been working with another agent for some time, but he was willing to give me a shot.Over the next few months I earned the spot as his go-to agent, selling him one or two homes a month and helping him find tenants after the renovations were complete.

@Brian Plajer - sounds good.