i was curious about competition, and looks like you're the highest priced house in that vicinity (other than the stuff that's not remodeled and been sitting for >100 days). do you have any remodeled comps to support this price, or are you testing the waters?

The most common sniff test is the 1% rule, where the property can produce 1% of the purchase price every month, it's worth digging into and looking at the deal in more depth. 

The litmus test (in my mind anyway) is, if you are not comfortable doing your own title search (yourself) on a property you're considering bidding on at auction, and fully understanding what you find in that title search, you probably shouldn't be bidding on that property.Buying a short sale or even REO (bank-owned property, where the bank has already foreclosed, now owns it, and is selling it) are both far better options than a foreclosure auction itself.

I would also go over the basic ground rules real carefully--no drugs, no overnight guests more than XX times a week, no room mates or friends moving in without me approving and them being on the lease, that means a screen and I may say no, they MUST have utilities, even if they do not want them, they must keep thing clean, etc.I'd also talk with the program and see what job support they have for the folks.  

People on BP who had a little success want to go all in, it is like a drug...but remember real estate is long term game and money is made on the purchase, not the sale.

Easiest would probably be to spend the couple hundred bucks to become an agent and get access to your state's forms which have been put to the legal test.

There was a huge incident with drugs and guns on str a couple of years ago and many communities started banning them through zoning.  

It was so bad I tested them to see how they show a unit.  

I'm not sure what a mold inspection letter gets you in this case.Mold killer, mold test kits and humidity indicators that test for dampness inside walls can all be had for a reasonable price online.I had mold in my crawlspace due to a leaky HVAC.

weed mellows people out much better than tweaker drug addicts or getting drunk and destroying things..