EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I would be very surprised if U bid at the sale and win and then the Sherrif or whoever is handling the sale then tells you OH by the way you have to pay all the back tax's before we can deed this to you.

@Jim Basar if you can challenge it try but don't be surprised if they don't budge even with good comps.

If there are damages left after move-out and this exceeds the amount you left to cover everything then don't be surprised if they take legal action.Best of luck!

. $350,000 at a 15-16% (projected) cap rate with room to expand the net a few ways (storage units, coin laundry, coin laundry detergent dispenser, delete the cable that is included in their rent *never heard of that one*, possibly a soda and candy machine in the laundry area since there is no convenience stores nearby etc); With all of these changes I'm hoping to push it to a 18-19% cap rate. 

There are also syndicators out there who you may be presently surprised if you invested with them.

For Tennant's like you mentioned I would give them access to deposit only cards set up accounts in a convenient local bank and push it into quickbooks online.

Look here is the point.You can either see what you want to see, and believe what is easier and more convenient for you to believe, ORYou can realize there IS a much better way, and get out of your comfort zone and STEP UP, take control and dominate! 

Don't be surprised to find an existing under-water mortgage, delinquent property taxes, and who knows what other liens (financial obligations of the owner that are tied/securitized by the property).

It's not your responsibility to help them get back on track, and I'd be surprised if they do, especially considering the renovations will bring a higher rent.Easy for me to say, though.