Just want to be prepared for the worst scenario if we end up in the eviction court.

I recommend Class A or B, not Class C if you're going to buy OOS and fly out to the areaAnytime a  turnkey provider, wholesaler, seller, agent etc that shows you a spreadsheet number with cash flow, appreciation, repairs, capital expenses etc those are ideal scenarios.

What are the common pitfalls we should be aware of?

The most common reason for a void tax sale is the name called off at the auction was not the current owner of the property.

I ask because I was considering thier program until I heard what you said is a common problem.

Your credit score won’t automatically plummet in this scenario, but there is risk to your credit if any payments are missed.

A common pitch for realtors looking for listings is to declaure they have a large database of “buyers” they will bring those buyers by to see the property, but often zero proof of its existence..

my scenario was a little different I would buy 20 to 80 acre parcels in Oregon and WA.. then log them .. using the skids roads and log landings strategically ( put them were future driveways and house pads would go). then do short plats  4 lots or less.. then sell the lots on contract.. the logs generally paid for the land so we had no debt on the land .. most land buyers took a few years to get to the point they were ready for construction loans..

It's a common bias to over value your own assets 

As a result, it is much easier to talk about which areas you may want to avoid.The East side and near the Fair Grounds are commonly considered rougher areas.