If you are in state and can watch over your property more closely and manage it yourself, I think that it is not as risky; as long as you have screened your tenant properly.

The wholesalers we are working with tend to be new which is great because they are working their butts off to find us what we are looking for but at the same time we have to do extra due diligence since the ARVs and repair estimates can be off as well as ensuring the location is what they say it is.It seemed impossible in the beginning but it's getting more real every day.

Sometimes if the Tax Claim Bureau is of a mind, they MAY negate the sale, give the bidder back their bid price and auction off the property later with proper notice. 

Lots of questions here so if you can provide other details that will help me guide you properly.

I'll have to take photos tomorrow to properly illustrate.The neighbor also said that the mainline water pipe had several leaks in the past and has pictures to prove it.

You can see if the seller has been patching and fixing with cheap and improper repairs to suck out all the cash flow  instead of properly maintaining the asset during ownership.

Instruct the tenant to stay out of the water until emergency services can visit the house and ensure the power is off in the flooded areas. 

I thought I had selected the proper forum on my phone while writing this.

Unfortunately, marketing is not really the top skill to be great at locating good properties, buying them properly, renovating them to at or above retail standards eliminating deferred maintenance and then acquiring quality, long-term residents and managing them properly.

Floor guy says he would put a transition piece and it will still look good, but I don't know if this is considered done properly.