I dont like working in war zones but I would rather have units that are under leveraged than a business that doesnt make money....  

The property is in sore shape, with numerous vacancies.

I'm a RN, albeit God has blessed my with some rich life experiences; EM2 US Navy, 1st Gulf War.

@Mike D'Arrigo Again, I cant thank you enough for proving direction through numerous fora.Thanks again.Ndy

I own numerous rentals and a coupe vacation rentals.  

If we could get a bidding war that would be fantastic! 

That's about $1175 per month, plus your taxes and insurance makes that $1635 per month. 20% of rent to fill your vacancy/maintenance war chest.

I'm yet to jump into my first rental, primarily due to analysis paralysis and past deals being under contract falling through due to numerous reasons.

I do not plan on doing a or b above, but trying to learn and understand.Side note: I do have a tax professional I plan to use next tax season, she's not a CPA, but she comes recommended from a local investor who said he used her until he ended up with numerous properties and a S-Corp and stepped it up to a CPA. 

These auctiona are extremely competitive with a number of knowlegable and long time buyers bidding against each other and sometimes against new and unknowledgable buyers.The inexperienced buyers often end up with properties next to the property they thought they were bidding on, with numerous liens when they thought they were purchasing free and clear, with first liens existing, with a huge amount of taxes owed, and with properties in the floodway, etc.The opportunity in Harris County is that the auction process is so haphazard and unorganized that even the "pro" buyers can't be everywhere all the time.