My goal is to create financial freedom and generational wealth while being able to express my creativity through fix and flips.

Dayton average home is about $130k and they are aggressive on demolition to create a housing shortage.

You can also use a land trust, my attorney has experience with moving properties to an LLC in NC and hasn't had issues but there are ways to be proactive about this and ensure everything is above board and don't create a significant cost. 

Looking forward to watching your journey and assisting with any out of state investing on your horizon!

Would I be able to create a new lease agreement with the existing tenant?

A general residential realtor is not qualified to assist investors in the type of analysis that is needed to gauge ROI or even in determining the scope of work/costs to update a property. 

Better cash flowing choices may not be preferred living for a year or two and a higher quality building might be to expensive, and you are now covering part of your mortgage.

Why do the courts allow such HOA auctions to take place when it creates more financial burden to the general public?  

It's the leader in many markets and I have seen them swallowing all the top agents, doing this creates a snowball effect as the more luxury listings with one firm the more top agents want to join.

Plus your time to create and send statements and tax forms...