My contractor said if we pump 15-20k into this property it can definitely sell for over 50k..There was a similar property 3527 Brooklyn KCMO a couple blocks away with the same square footage that closed at 67k last week.

The repairs were to include Roof Repairs, Exterior Trim, All Windows, Cellar Glass Block Windows, A pre-hung steel rear entry door, smoke detectors, some ventilation work such as the hot water heater vent, some electrical work such as defective wall outlets, Drain Tile ...

Unless, you choose certain blocks and you have to stay in your OC property for one year every time you use them.The realtor angle is probably my best bet. 

  ( I have one on my block like that 500k home just sitting) owned by doctor who had a day surgery go bad and patient expired) move away house has been vacant for 3 years now... also has winterized stickers on it so some mortgage action.3. big bulk buyer got stuck with a few they will eventually get to.and any other myriad of reasons.

Typical stuff, comps from the newer nicer neighborhood 2 blocks away, leaving out $1000 HOA fees and not wanting to respond to emails asking about them.  

We are in Los Angeles 2 block from Culver City if you were wondering.  

If the bank accepts they pull it from the auction block.

@Chris McNeal Joliet is very different from block to block.

If there is any major work needed outside the scope of my warranty providers' contracts, my broker helps me with local personnel referrals to take care of those issues promptly.So, being in New York is no road block to the maintenance of the properties.Frankly, If I had to retrace my steps, the same acquisition and maintenance methods would be utilized.

But what is likely to happen in the area is more important because it can change a performing investment into a nightmare.For the apartment complex we are considering we've done a lot of research into how the 4 block area surrounding the property is likely to change in the foreseeable future.