If there are no heirs the property will be under the control of the local public administrator.

I've been working in insto finance for a few years spent a few hours having a dig around for any public information instituation buying of SFR as I'm personally invested in the Atlanta market just recently.Came across multiple reports this one I found was interesting: http://investors.silverbayrealtytrustcorp.com/Cache/1500047694.PDF?

Your three best public high schools in the Austin Area are going to be Westwood, McNeil and then Round Rock, in that order.

Nothing is off limits, religion, politics, music that really stinks, health insurance, corporate rip offs, younger women who refuse to go out with old men, old men that ask younger women out, or men I guess, movies full of kids, church dinners where evryone brings the same dish, stop lights that aren't syncronized, whatever....Yes, I'll do one on late night RE gurus!

The first time I used a Realtor I lost the deal, that was my first lesson that dealing in the public domain and privately are two different things.

that could be a health and safety hazard?

When trying to obtain some form of home equity loan the bank will want the home to be 100% complete and safe from health and safety hazards, so there is the chance that you would hit a road block going this route.  

So far my only consideration is confirming NO liens through public records and consulting title agencies.

The access road/driveway and everything inside the gated community are maintained and completely funded by our own, solely by using the cash from the collected HOA dues, we don't accept public money. 2. that our country's law does not permit the HOA to put lien or foreclose the houses that are behind with their HOA payments.

Could still be profitable if "blow-up" happened annually, which appears very unlikely.Desirable area near public transport & 1 block from Lake Merritt in OaklandNow let's talk numbers..MonthlyOwner rents units to me at: $1,000I rent them out at market: $1,600Gross Spread $600Vacancy Allowance from owner $42Total Monthly Gross $642Actual Vacancy $133Other turn costs $42Net Profit per Unit/mo $467# of units 3Total Cash Flow $1,400.00 /moThat pencils out to just under $17K net annually to me if there are just regular turnover costs, without any "blow-ups" like drawn-out evictions, significant damage, etc., which I would expect to be rare, given the tenant I believe I can pull due to the desirability of the area.