Assuming less competition, I believe I could secure the property at a lower price by participating in the second mortgage auction.

2) Each taxpayer has their own tax rates to consider - Federal and state tax rates.When determining state tax rates, they need to potentially calculate the state tax rate of the resident state and the state where the property is located in.

Looking for location advice and local connections. 

Describe the properties, size units, access, etc and location better.

Not looking to do a flip here.I'm a rookie too but for every estimate I've done and ran by the team that helped me secure my first property (just closed two days ago!)

In many locations, the important aspects are method of notice and the time between the notice and the rate going into effect.As others have said, I would double check the above, but then send two copies of the notice - one first class and one certified. 

Also, I think it will be difficult to not have the buyers try to turn me into a custom home builder if they're securing the loan.

Joe, Regardless of the location the information you will need to focus on is the same.

It also depends on how your property's location.

Conduct a thorough inspection to assess the true condition of the property.High Vacancy Rates: Excessive vacancies can signal underlying issues such as poor management, undesirable location, or an oversaturated market.