So in the Philadelphia suburbs, you can contact PECO to see how close the nearest gas main is; if it is not close, the cost to extend the main is from $100 to $125 per linear foot of gas main extension.

I am excited to be joining and looking forward to learning and contributing towards this wonderful collective body of real estate knowledge. 

In order to rent out a home in the City of Detroit you need a C of A (Certificate of Acceptance) and a C of O (Certificate of Occupancy) therefore you can't collect rent. 

Rachel:I would go even further and eliminate collecting any form of down payment credits (this is the part that tread into the grey area of an instalment sale or financing).  

The only thing you would have to worry abut is collecting your mortgage payment each month, which you would still have to deal with if you bought and held because of rent.Initially, i was like "WOAH, that's like 112% return on investment!"

It actually would be illegal to disclose rents more than what you are actually collecting.

Can someone help me out and explain the difference between tax collections, tax delinquency and foreclosures that takes place at a sheriff sale?

Sure, there are headaches, but you are essentially having a tenant pay for your asset while you're also collecting a profit from them if you buy right and it cash flows. 

It's one thing to own property in a rough area and collect rent, it's another to live in that same tough neighborhood and try to collect rent from the tenant upstairs (yet alone dealing with them as a neighbor). 

If the mold is extensive, use a contractor that's certified in mold remediation (these guys can be expensive so shop around.)