Also, just an FYI: those properties on auction.com may have liens on the deed so you have to be careful because once you buy the property and it’s under your name, you’re responsible to pay all the liens on that property.

Be careful about how you offer or deny housing.

With Bandit signs you will want to be careful and check with your local municipality to see what areas the signs are illegal, because they may get taken down or you may receive a fine. 

Commercial loans care about your net worth and if the property can service itself (DSCR).

Maybe your favorite Sunday brunch restaurant is in Zainesville so you’d be ok going with the family every other week to have a nice meal and then take care of any things the tenants need.

The parents of the seller clearly took excellent care of the property, however, there has been a lot of drug traffic in the past few months.

Keep distant .You tell them you’ll honor the lease and you expect them to care for your property .

If the owner doesn't care enough to find keys and grant access, you might do your best to estimate rehab costs and explain that when you make an offer (assuming a low offer).

Lenders are going to primarily care about how this type of property cash flows. 

But, just be very careful in this space, as I am sure you would be.