You'll have to do your research before you can determine if this makes sense, but it can be your biggest return on investment. 

Feel free to PM me any time if you have specific questions or want help determining the next step. 

You’ll need all of the InherItors to sign off on the title so you’ll need thier cooperation.

Other than that, the rest looks good (for what it is) no bowing or any signs of flooding. 

This is basic information a landlord would want to know to make a determination.

The market rent is used to qualify a person, and a person must have experience as landlord or a signed contract with property management company.

@Josh Bast, everyone has to determine their own investment strategy based on their situation.

You have to know the NOI to determine it's value.No matter what you find out, go to the auction.

Your taxes are computed and reported exactly the same as a single member LLC vs having it in your own name.An LLC is for asset protection and you'll want to talk to an attorney as to whether it's a good plan for you.Hint:  With no other significant assets in your name, this is probably not beneficial to you.An LLC buys you an annual maintenance fee and, if you're determined to buy the property in an LLC, usually a higher interest rate and higher down payment requirements.

Your exit strategy will determine which attorney.