Property Taxes: $5,100/yrNot sure what kind of interest he's looking for but we did some number crunching and at a 3% rate we were able to figure that with $2000 payments to seller we could be making between $500-$600 not including minor repairs (obviously that depends on the actual condition of the house but these numbers are just a ballpark). 

Hi Scott,There isn't a whole lot of information to work with in your post without knowing where the home is located (to see if your rent estimate is good), whether the maintenance cost is reasonable given the age/condition of house, etc.The two main questions I'd have on the info you did provide are whether you're accounting for vacancy, utilities, and property management costs, even if you're initially expecting to self-manage.Regards,Mike

It sounds like it can be rented in the condition it is in.  

There is a lot of B and C class buildings and most will require some rehabbing to get into rentable condition; however, once they are ready you can easily fill them with students.One of the challenges I've seen is the cost is high and can make it difficult to cash flow at the end of the day.

I have a few questions to anyone that has bought a house at auction before in Jefferson county.I am looking at a house that is coming up to auction fairly soon, I live fairly close to this house so i know what kind of condition it is in.

I've got 17pgs in my current offers, and yes there's tons of boiler plate stuff, but there's also lots of specific conditions one has to be sure to understand, eg buyer intents to occupycontingent [  ] is not contingent [  ] upon an appraisal at full list pricebuyer & seller to split escrow fees 50/50buyer & seller to split broker fees 50/50

You can find them here on BP (set up an alert for "Baltimore", as Ned suggested) or by networking with other investors at meet ups and asking for referrals.A good investor agent should be skilled at understanding ARV and pulling accurate comps, be able to see the potential in a home instead of focusing on its current condition (which is why investing/construction experience is so important), and have a strong network of wholesalers to help locate off market deals.Gabriel is correct in saying that an agent will want to vet you as much as you will be vetting him.

The outside bricks seems like in a decent condition. 

Look around at other rentals that are close to the same neighborhood/condition as your rental.

Husband was basically the property manager Property is in decent condition.