She's still a little nervous about the whole thing, because there's a lot at stake and she's had a lifetime of being skeptical of investing, but she listens when I explain and she speaks when she has a concern or doesn't understand something.

The buildings systems (HVAC, Elevator, Sprinkler, Electrical) are the main concerns for older properties.

As far as the area is concerned I've lived all over East Volusia county and grew up in the area as well so I have a very good idea of values of areas around here.  

If you are concerned about move in date, ask for a nonrefundable holding fee.

@Robert MelcherWhile you could save the abandonment process with an application deposit if they do not occupy, my greater concern would be if they DO want to occupy under your scenerio of executing the lease priorSince you can't lockout in Texas.

This is my concern.

They are most concerned with the amount of return that can be realized.  

I have about 150k I could come up with another 50-75k (getting creative)If I don't want risk putting down the cash may finance some (above 100k)Questions:What would concern you about this auction?

My concerns are that even if we are going to deal with it, and have a certification from a mold remediator, if the problem returned, I can find myself deal with a "mold is gold" lawyer.What do you think?

Either tell them to remove it because it is a fire risk or upgrade.Do as you deem best and don't concern yourself with what the tenants think.