In GA the counties don't regulate/check septic systems and they usually go in without inspection/pump access like you say you do.

On one hand, almost every market is more friendly (both in prices, and regulation for landlords).

It's important if you don't want to be seen as being foolish or unethical by asking professionals to do unethical things.Foreclosures are available when public notice is given.As tempting as this area of RE might be, it is a highly regulated area by federal law and many of the investor schemes can get the novice in trouble. :)

A regulator only has to have an opinion, they justify their opinion.

You might want to look at fair housing regulations for your state/city.

HUD regulations and rights trump everything.

Soas you see you get a tax break for holding longer.Regarding other questions, if you have occupied a property 2 out of the last 5 years you can sell and exclude any taxable gain of 250k or if married up to 500k in tax free gains.Take a look at a 1031 exchange this will allow you to DEFER your taxable gaiin on a property. there are quite a bit of rules and regulations to follow to qualify for this exchange.

This isn't a typical wholesale deal and I don't know all the rules and regulations when it comes to auctions.

Make sure you follow your state regulations regarding foreclosure rescue(s).

I can tell you bank regulators don't like seeing insured banks walking away from principal as a usual course of doing business.Can reductions be justified, yes, but rarely.