I'm given to understand it's different behind bars, keep in mind "how will the paperwork look" in general), don't miss credit card payments, ideally you want the down payment funds in a bank account and not under your mattress (the term we use is literally "mattress money," and it generally cannot be used), etc.

It kills me to pay out $2350 a month in credit cards with interest when i'm sitting on a possible equity of $200k+. 

You get the cable:phone service and credit card etc.

Lockboxes, Flash Light, Hammer, Tape Measure, Clear Tape, Large Marker, Multi screw driver, shoe booties, boots, extra business cards, balloons, twine, sign riders (under contract, for lease, etc..) 

The notice to the landlord shall be accompanied by either: (i) a copy of a valid order of protection issued by a court pursuant to Chapter 50B or 50C of the General Statutes, other than an ex parte order, (ii) a criminal order that restrains a person from contact with a protected tenant, or (iii) a valid Address Confidentiality Program card issued pursuant to G.S. 15C-4 to the victim or a minor member of the tenant's household.

So in this fictitious scenario, I win the bid, pay the back taxes to the County, get a Real Property Lien that must be paid off with interest (hopefully 16%) within 3 years.

Sorry about the lost deal, but sitting around waiting for an email shouldn’t be in the cards either.

You win a judgment against the tenant.  

Like in the stock market, long term investors tend to win out over traders. 

Depending on the policy they would only have to pay the deductible to have the roof replaced which is a win / win.