This consideration may be worth it in terms of approaching local banks or credit unions with an understanding of real estate investment because they are generally flexible in offering loans compared to national lenders.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Happy Investing! 

Our goal is to invest wisely, but to be honest, my wife and I really enjoy traveling to central Florida and would love a place of our own to visit on occasion. 

People invest in people/brand more than the product - remember that

That said, if you have the option to invest in a better cash-flowing deal elsewhere, it's worth running the numbers to compare returns.

Happy to talk through this in more detail and good luck with the out of state investing!

Good due diligence habits are important when investing. 

In other words, you would have already invested thousands prior to the auction just to research the properties and their titles.What is your recommendation because without doing a proper title search (which sometimes takes weeks and passes the auction date), how would you know if what you're buying is a good investment?

The best protection for you and your investments?