He also determines rehab costs when we look at properties.

If you are determined to do the projects yourself, I would budget a year for holding cost; maybe 6 months if you are not employed (taxes, utilities, interest, etc).

Bob, I also have experience in Records Storage - and enough to know that the 1st step is to add that piece to your feasibility study to determine if there is enough need to warrant the initial outlay in bar coding, scanning equipment - racking, and yes, HVAC equipment.  

Now the only one here in Texas that can determine this is the constable to decide nothing of value is in the home and legally returns the premises back to us.Your scenario does not seem to be close to this, just that some people need to be taken off the lease. 

David O.Is it prudent to contact the appraisers office to find out their current assessment to determine what the tax will be?

Step #1 - determine if there's sufficient equity to pursue the opportunity!

Also determine your walk price and stick to that.  

that involves a self managed, single member llc, my advice will continue to be; consult an attorney and cpa to find out what the right solution for you, your tax situation, assets situation, your risk profile, and your BS handling abilities; to determine the right course of action.  

How would a new investor determine the rank of a neighborhood?

Unless he can get full authority, the sale of the property will be determined by the court.