I plan on being in your shoes in the near future.

If you are going to be using credit cards to buy the deal, and then credit cards to do the major rehabs necessary - I think everyone here is seeing that you will be tapping yourself out and the next major issue (car accident, health issue, etc) could really put a strain on you financially.In the end you have to be comfortable with the risks, but take the free advice you are getting from people with experience seriously.

So I don't think there is much competition for this property as not many know about it or are comfortable bidding online.

They won't budge out of their comfort zone of New Orleans.

Or is it more cash flow that concerns them, and what's the comfortable % of ARV after repairs they would look for?

A lot of people recommend making cold calls until you feel comfortable talking to people.

This will help you get more comfortable when negotiating.

Here is what is worth sending mail to...Would you feel comfortable walking the dog around the block around dusk?

She moved a pair of shoes that had sit in her closet for a month and it had what appeared to be a blue hue to it like bread mold or something.I want to get this handled as quickly as possible but I've seen so many horror stories about "mold experts" that employ pseudoscience to diagnose mold issues and I don't want to get raked over the coals here.Again, any advice is extremely helpful.

Loan assumptions are when the lender allows a new borrower to step into the original borrower's shoes and take over payments on the balance of the original loan.