You are not taking on debt to your own name, so your risk is only your equity investment if things go wrong.Turnkey: you have more control with how things are managed, when to sell, how much money to pull out from operations or reserve (although a repair is a repair and likely needed).  

Auctions are just another marketing vehicle and are designed to attract higher than average returns to the seller with minimum reserves and buyer fees. 

Hopefully you have some reserves for this property.

Navy Federal has 2.85% rates for 30 year conventional.

We all know most working tenants don't have a lot of cash reserves so it doesn't take long to create a panic. 

And you can put it in the face of your local building council, because it's federal law. 

Appears recent federal tax code changed the deductible items I can take on the refinance of my personal residence, i.e., looks like points are no longer fully deductible.

Your best protection against being prosecuted for discrimination is to have very clear application criteria that is in line with federal and local law. 

Thanks for the response.... according to credit karma I haveNavy Federal CU $524..in good standardCredit one Bank $687 closed.. reported 2/27/2020First premier Bank $547 closed..reported 11/03/2019Electric and gas bill $179 closedCommission of public works $0 closedDominion energy SC $179 closed zZounds $179 closed Side note: the house in question was gifted to me by my father.

And is that $1223 monthly payment counting HOA, insurance, any utilities, capex and maintenance reserves?