I'm going to work on finding some southside investors and investigate that.

You pretty much covered everything.I would investigate the property.

I wanted to investigate this further to see if its worth pursuing further.

Finally, my first post - As noted in the title, I am an Ohio-licensed CPA investigating whether I could offer a cost segregation service. 

After a few discussions with Steve Cook (a well-respected RE analyst who gave a great presentation at the Summit), we decided to take a look at Milwaukee.During our first investigative trip up to Milwaukee, we met up with two other BP members that we'd never met in person -- James Gefke and Emilio Ramirez.

If you have anything that looks odd, they can investigate it.

@Joe Gore You are correct that is why I did more investigating before I jumped to conclusions.

We were originally going to traditional finance the property, but after further investigation if we would buy the property with cash, we could pick it up 28 days earlier, and most important we would save approximately $4000 in closing and holding costs.

By the time buyers are starting to investigate (i.e. by the time a property is placed on the potential auction list) it should be too late for the owners to recover. 

As I work full time (and plan on continuing to do so for the time being), I will need decent public transit access for at least this property.To rattle off some towns/cities I know I will be investigating further include (in no particular order): Waltham, Newton, Framingham, Natick, Marlboro, Westboro, Lincoln, Ashland, Concord, Needham, Wayland.