I would advise using a primer then painting though there are paints out that combine both I don't know if they make that in a flooring paint.If you just want to scrape and try to go over it, Test an out of the way spot away from the furnace area.

So once you know it's vacant, to get an idea of the  return on your investment, you'll need a few pieces of data first including: the Fair Market Value, the estimated ARV (after repaired value) of the property, a rough estimate of how much repairs will cost, and you need to know market rent in case you can't sell the property right away.

When loan or application data doesn't match the local assessment records red flags go up!

About 2 weeks ago I received my first list of tax delinquent home owners from the county in my target market, but I don't really know what I'm looking at since this is a raw data.

I added some extra space for data to reflect that.  

@Jay Hinrichs Hey we're not seeing that same thing after testing it under your user conditions...

Seems like there was some trickiness with the new data collection process.

Below I will provide an overview of a property that looks to meet most of the underwriting criteria I've established for a viable investment e.g. 75% ARV test, affluent neighborhood, great school district, strong resale market, etc., but thought this information would be useful for those who might answer. 

They seem to be ending the bidding with no winner but then selling the properties at below reserve price to whoever the highest bidder was, plus 5k (based on an analysis of 2 sales so far, so not very many data points.)So glad you got a deal and thanks for giving us the update!

@Josh Caldwell - without looking at the data, I bet that rents in Ames, Iowa were really low and that 22% increase is something like median rents going from $400 => $500.