The opening bid will be the price of the back taxes, fees, and interest along with any other special assessment outstanding on the property. 

@Mykhail Bolden , I have a 3 flat that would be perfect for a 203K, walking distance to Blue line, highway, Mariano's, and within 15 min from Downtown!

The security deposit is for damages to the property or outstanding balances.

Original owner would have made a lot more profit if they had simply rented and then sold the RE after the outstanding appreciation. 

The next best thing is if it is burrowed in deep in the hole :Throw a smoke bomb or highway flare down in the hole by hand and then plug off the hole opening with a burlap sack or old blanket .

That is a 30% gain in less than a year, which is outstanding.

These podcasts are outstanding, so I figured the site must be worth checking out, too.

They are outstanding.

Property is a 1975 constructed home that is on a highway corridor that is zoned and has been converted into commercial office space. 

Many great tenants would not even consider signing a 2-year lease, so you may be missing out of some of the market.From our rental criteria:FINANCIAL/CREDIT HISTORY1.No outstanding debt to previous rental property owners.2.No outstanding debt to utility companies.3.No outstanding debt in excess of $1000 that is not in a payment plan.4.No excessive monthly financial obligations - more than 20% of income.5.Lack of credit history or marginal credit history may result in additional security deposit. 6.Derogatory credit (past due accounts, collections, charge off accounts, tax liens, judgements in excess of $1000 and/or bankruptcy) may result in additional security deposit or denial.