@Kelsey VanSleenFor a tax deed sale, essentially you will bid to pay off the tax lien that was placed on the property and then you will inherit the rights to ownership of that property if you are the winner.

I want to ensure that I follow any sort of regulations and safety standards but I don't know where to even start or know how to estimate rough costs.

Real estate investments, when managed wisely, can provide a steady income stream through rental properties, potential tax advantages, and the possibility of significant appreciation in value.To maximize your success, it's essential to conduct thorough research, understand the local market, and seek advice from experienced professionals.

Thoroughly researching the market, including average rental rates, occupancy rates, and potential return on investment, is essential.

There are sometimes longer escrows, around 30-45 days, the pest inspection which you mentioned, and sometimes certain safety issues that need to be repaired.

The numbers look good all around, my lingering question mark is around general safety of the area.

Additionally, being aware of your legal rights, trying mediation to resolve conflicts, and not being intimidated by court disputes are essential steps.

The investor fails to close and you cannot find another buyer in time, so you cancel the contract with the property owner and forfeit the EMD of $500.But you've essentially made $9,500 for breaching the contract! 

Ensure your property complies with all local health and safety codes.

Finally, I look at housing starts, price points, infrastructure and safety - both cities are comparable, although Huntsville seems a bit better.