From a lender standpoint I think the main areas of concern with auction properties boils down to access.

Here are the 14 main highlights:"Just some analyst's thinking cap predictions.

Thanks all I never buy a property based on it being tax benefits.

Principal Paydown:  Cash Flow:  Tax Benefits: Savings from depreciation and interest deductions.For a deal to make sense, at least three of these components—home appreciation, cash flow, and principal paydown—need to be strong.

It’s less than 15 minutes by car from two major universities (Towson & Morgan) and just a 7-minute walk from a shuttle that services both campuses.I plan to rent the property by the room, targeting mainly college students due to its proximity to the schools.

A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

Main questions would be, how long have you owned this and is there any rental income reporting on your most recent return.

It will familiarize you with the basic terminology and benefits.

As a side note typically I do not use my deferred tax dollars to invest in traditional real estate as the benefits (depreciation etc) are all lost when using a self directed IRA - My guess is build to rent will provide little to no cash flow to build the account - it will all be locked in the property. 

I'm fine with doing some minor fixes and improvements to a property: Adding overhead lighting/fans, better flooring, maybe redoing a main bathroom.