@Wave Taylor I would definitely make sure with the local building inspectors and/or zoning departments to make sure the property is up to code.

I'm guessing most of those 10-13% cases had two unknowledgable bidders, where the property was a loser and they shouldn't have bid on them.....you know like when you get two clueless bidders bidding against each other at an hoa auction not knowing they just inherited a mtg.Now, for those bidding 0.25%, they are entitled to a minimum of 5% over the life of the certificate, whether it is redeemd in 1 year, or 7 years when the expire worthless....that seems to be the prevalent bidding theory I guess.The vast majority of these range from $1,000-$5,000.  

Hey fellow pocketers, so I’ve been pretty interested in buying my second investment property in my first year of investing, my first one has been quite successfully so far so I’m really feeling the pressure on property two.Anyway I’ve been looking at Milwaukee and I see that although their unemployment is at record low, they are doing some major construction to their downtown and although their population has grown slowly since 2010 last two years they’ve actually been dropping a little.

@Kelly G. actually the vast majority of agents and brokers in Milwaukee are "independent" - however many of them don't stand out because they do very view transactions.

Do you already have Cash Reserves capable of covering any major repairs that may all of a sudden occur?  

PM makes or breaks out of state investing.also decent inspections of the properties prior to close and addressing major issues. not talking about an inspection report and have to do everything NO one can do that or should expect it but major systems should be all in place and functioning with nice lifetime left on them.. 

Upside is higher rent than most states, generally higher income tenants, sandwiched between 2 major cities.

They are not in need of any major renovation.

The city budget plans construction to start this year, 2018.My question is whether the house currently for sale will be affect positively by the major renovations and transformation of this area.

Things like vacant and closed lists and code violations from your local inspections department.