Awesome responses, typically don't lean heavily towards any one side but it sounds like theoretically SLT sounded like a great idea but that'll be put to rest with regulation. 

Typically, irs auctions transfer only the "debtor's interest" (equity, if any) in the property.  

In a typical home sale a sewer line has either failed or not failed.

And once you actually get the property, it will also depends on how well you list it.Average is a good overall indicator for the whole market but i would not use that when doing my numbers.I have single family homes in the $1400/mo and i don't see them vacant at all and when old tenants moves out, we already have new tenants ready.On the other hand, properties over 2k/mo takes 1-2 months to rent out.To be on the safe side, i would do what banks typically do, and that is 20% vacancy rate..

They typically have quite a bit of info online, but a phone call and a discussion with both departments is a good place to start.

He always go above and beyond the typical inspection process.

Since I'm looking out of state for these investment properties, in places where I typically don't have familiarity or 'boots on the ground', I'm struggling to find the right process to vet these various providers (General Contractors, Lenders, Property Mangers, etc).

Typically the condo fees on condos will knock out your cash flow.

If anyone knows the Virginia market, this property is located in Petersburg, VA in case that influences your feedback.I have negotiated subject to and owner financing to purchase the deal using the following structure: I will pay $8k in cash I will take over the existing $59k mortgage payments (28 years left) of $506.70/mo PITI paymentsThe owner will wrap the remaining $8k into a second 15 year mortgage of principal only payments of $44.44/moTotal monthly payment $550/moThe Deed of Trust will transfer to me at closingI will sell the property via Owner Financing to a tenant buyer using the following structure: Purchase price $85kPay $10k downI will finance the remaining $75k for 10 years at 10% interestMonthly payments of $1000/moBuyer may cash out anytime after the first 5 yearsTenant buyer covers repair costsDeed of Trust transfers when tenant buyer cashes property outBasically this strategy is a way to get all my money invested out of the property and avoid typical rental property expenses to keep all of the cashflow.

What steps do you guys typically take when analyzing an areas rent potential?