However, this growth is centered in the metro areas while a majority of the state remains unaffected and untouched.

So many properties will remain looking down & out whereas the inside maybe very impressive.However, we do find some of our best buys published in the tax arrears book on the counter of our assessors office.

If there is continued uncertainty in Houston's economy, then people will be less likely to buy homes and the remaining unsold inventory prices will have to be reduced in order to be sold, so the homes that were sold prior to these may be considered overvalued at one point. 

------------------------------------------------Right now, I have about $127,500 remaining on my mortgage.

I did some research into those boarded up & vacant properties in the neighborhood about which you speak, and interestingly, a large proportion of them are actually owned by one entity - a large, out-of-state hedge fund.The hedge fund purchased them 2-3 years back, and interestingly, to date, it has decided not to do anything with them - the properties remain vacant & boarded up. 

Plus the values in good school districts remain high.So that all said, if you are willing to buy a condo, you can find them in that price range in culver city where I live.

The proceeds from the redemption sale are then applied toward property acquisition costs, and the remaining funds are applied against the taxpayer’s outstanding tax liability.

You must remain conservative when analyzing any investment. 

All tenants in good standing are welcome to remain but are required to sign a new 12 month lease.

We can clear them up in 2 months but the problem remains, I need to finance the rest of the remodel, approximately $30k.Thanks, guys in advance for any help or insight you can provide.