Worst case, call the utility company and report the perceived danger.

Most of the time, this is a doable scenario and at worst we require first, last, security to give us some extra peace of mind with that applicant.  

(loan balance So you could safely bid up to the value of your investment (i.e. first mortgage + your mortgage + costs).Worst case: The property does not fetch enough at auction, so you purchase the property for the price of the first mortgage.Best case: Primary lender does not bid and you can get the property for LESS than what is owed to the primary lender!

Should I sell with the loss or did I get the worst possible case?

@Richard Hernandez I didnt notice that @Marcus Auerbach threw some numbers out, his numbers are on the high side for Worst case scenarios.

Worst case find a percentage that works that allows you to still cash flow.

Of course listen to the kids but do not let them drive your decision.Kids can be more conservative and resistant to change than the worst adult.

They’re the worst.

My house is not the worst on the block, but I'm working on making improvements to get up to par.  

I don’t have no income because I’m in college and didn’t start working , but I am a licensed real estate agent who want to specialize in distress properties, I started reading a lot but it just made things worst!