Most investors typically try to stay out of C or less neighborhoods (Cs are possible...just depends on what a C means for a particular market).

Awesome responses, typically don't lean heavily towards any one side but it sounds like theoretically SLT sounded like a great idea but that'll be put to rest with regulation. 

Typically, irs auctions transfer only the "debtor's interest" (equity, if any) in the property.  

I look at things through a value investing lens so that colors a lot of my decisions and views.

In a typical home sale a sewer line has either failed or not failed.

And once you actually get the property, it will also depends on how well you list it.Average is a good overall indicator for the whole market but i would not use that when doing my numbers.I have single family homes in the $1400/mo and i don't see them vacant at all and when old tenants moves out, we already have new tenants ready.On the other hand, properties over 2k/mo takes 1-2 months to rent out.To be on the safe side, i would do what banks typically do, and that is 20% vacancy rate..

They typically have quite a bit of info online, but a phone call and a discussion with both departments is a good place to start.

He always go above and beyond the typical inspection process.

Since I'm looking out of state for these investment properties, in places where I typically don't have familiarity or 'boots on the ground', I'm struggling to find the right process to vet these various providers (General Contractors, Lenders, Property Mangers, etc).

Typically the condo fees on condos will knock out your cash flow.