Hi @Lozell Mitchell - I agree with the above posters, just factor it into the monthly rental amount.

It looks like a collective amount of garbage around the outside and has maybe $60,000 in repair cost, and the ARV is about $200,000 but I don’t know how to factor in the code violations!

Don't rush into it especially when you can just drive over and make sure everything is going well.

You may want to let that ride for a while to "test drive" the tenants so to speak, and then lock them in to a lease if they are a good fit for you. 

I've done as much due dillegence as possible on the property so far as looking at schools, crime stats, 'driving' the neighborhood in Google Earth etc.

However, I would add that it depends on other factors, such as how you manage risk.

I’d be happy to drive by or snap pics for you if needed.   

@Seth Deitchman Those are great goals:  Through Tax deed auctions you can certainly attain a profitable portfolio of flips/rentals if your Purchase Price is low enough to account for the rehab usually associated with Tax Deeds (as well as the other factors of course: neighborhood, market, etc). 

A HML is likely to see that as a plus, so if you factor the capital cost into the deal and it works for you -- HML might be the way to go.

You can drive all the high-quality traffic you want, but if it doesn’t convert it's a huge waste.Feel free to ask any questions!