They can go through the auction many times and have incremental price reductions before it finally sells at a price that the bank is willing to accept.Example: Take a look at 411 Lore Avehttps://www.auction.com/details/411-lore-ave-wilmi...I've been watching this property on Auction.com for probably 2 years and it is still there.

It is applied after possession however if you are having a eviction hearing you should be prepared to discuss the details of the deposit and damage going into the hearing.

Refinance(if so, explain in details that process please)?

Depending on what you are selling, if it is hot; have the buyers pay for them.If you're using a broker, contact your broker to get a detailed estimate.  

They can even give you more detailed information for each neighborhood and how long properties are staying on market for each.

I personally agree with you. ( but consult your CPA) Before getting into the detail, you might not able to take 20% Qualified business income ( 20% passthrough deduction) if you do not treat this as the profit sharing.

When you can't be there to keep your eye on things, even the greatest investment can turn into a money pit if your property management drops the ball.

If I should find a realtor first, what type of things should I keep an eye out for?

Not sure on all the details of exactly how appraisers work but from my understanding cracks in the ceiling (even if they aren't a marker of a bigger problem) can be a great thing to fix.

Not knowing the details, it seems risky to bet on a pretty much single type of demographics - students.Thoughts?