You can follow the same steps that appraisers use, by researching what similar homes are selling for in the neighborhood, which will give you a good idea.My valuation of a property is purely based on the income it can/will generate.

I need to consult with one for next steps after purchasing from the tax sale.Thanks!

You just took one of the most difficult steps in real estate investment; the first step.

Step 1 of course, find new insurance.No, the bank won't call your loan, But they will secure Force Placed insurance, which they have a right to do, and it will costs 2-4 times what you'll pay for your own policy, and will have worse coverage, and you will of course have to pay for it, or be foreclosed on.

I'd say your first focus, as should be everyone's when they are starting, is investing your initial capital into education.

Congrats on taking the step!

(Assign, double close, quit claim..w.e your preference lol) stack your cash ...take it the next step ( Or if you've a silver tongue use OPM..other peoples money..give em 6% on their money in interest only payments).... ..fix and flip.. same steps except this time guess what?

So fixed-rates are the first step to that. 

The fact that I wouldn't need to spend on repairs initially would just be gravy but not the underlying logic for the deal.

Assuming the same for the upstairs unit (also students) the landlord makes about $9,600 in initial income monthly.