You could be below market to the "average" unit in the zip code but if you're in the glide path of the airport with jets are taking off every 5 minutes, the Taco Bell parking lot lights shine right in the windows, freeway exit is two houses away, a busy fire station is nearby with sirens all night long, etc then the price may still be too high.Are there any safety issues that could be helped with lights, cameras, etc?

Kennedy Funding, even though they supposedly are funding loans these days, were basically scamming people out of fees at one time during the downturn/coming out of the downturn, and there is still something about them, that makes me stay away from them. 

The property I am looking at has equity and only a purchase money loan (1st mortgage).I understand the basics, Wining the bid, gets me the deed subject to the existing loan. 

Most SMLLCs are basic but syndicates, funds and larger businesses have complexity

His advice was basically if you go into the city , know where you are going and know how to get out . 

Life can get ugly real fast if you just buy a property without a basic understanding of how this works.1.

So basically, they don't allow HELOCs on rental properties in Texas, thank you for the suggestion though!

Another thing to note is that the land bank has a ton of cheap property but they are not worth investing in even though it may look enticing because they can be much "Cheaper" but the ROI is not there unless your a heavy cash investor with a ton of experience basically building from almost nothing.

The basic tax strategies haven't changed that much, but there have been some changes to details.

If there are any concerns with the property that are suspected to be causing a safety issue or potential damage to the property you can enter without notice.