Sifting through sooo much information seems to generally be the biggest issue. 

It would not at all be surprising to find out the lot has building issues which is why it has remained empty, regardless of existing utilities to the lot.

The only other tax issue not covered is how long you need to hold an asset before selling it to have the profit considered capital gains versus ordinary income.Check with a tax professional on all this.

Hello, I am just starting out and have my first property renting out bring back around $900 a month while no maintenance or other issues arise.

@Shafi Noss are saying a new lien can slip in between auction and issuing sheriff's deed? 

@Ran Fridman the main issue most owners run into early on is that whatever tool they are using for accounting isn't robust enough for tax time.

Are you wanting to be on asset management calls and dealing with issues that arise?

Are there any issues that are complete no-go's?

With the turmoil in the Market in FL, you may want to ask about the things that would cause issues getting coverage or causing higher rates.  

The issue is the ownership exhibit for distributions of proceeds for sale.