"- Maybe I'm splitting hairs here but there is no such thing as a "failed auction".

My mom a hair salon with 3 apartments over them my father a landscaping business and also has 3 units over his garage where he keeps his equipment.

My mom a hair salon with 3 apartments over them my father a landscaping business and also has 3 units over his garage where he keeps his equipment.

Naturally, there are plenty of considerations when settling on a location; however, irregardless of where you choose as an out-of-state investor, finding a group of professionals you can trust in that location is priority number 1 (reducing the need to be present at the location of the property to a minimum is paramount). 

What's the nature of the violations?

Always surround yourself with those you want to be like and it will happen naturally.

@Ronald Laurion That's good to know regarding the natural uptick towards April.

If the property have major damage by natural disaster.

so far Nothing but i think REI is like riding a motorcycle "ITS NOT IF YOU WILL CRASH ITS WHEN" I believe that everyone that is serious about real estate will at one point or another LOSE money, not because of BP but because its the nature of REI... and as Adam Meier mentioned above, if YOU NEVER lost money/crashed/lost, etc. at all in anything is because you haven't gone at it hard enough, and haven't even gotten close to the true potential. and this is from limited experience on my own here in Texas but I've done more in 3 months than a lot have done 3 months 4 wholesales 2 bought properties (1 flip / 1 hold) so yeah i will eventually lose some money i can only hope that all the made I've made will cover what i will lose. just my thoughts! 

I kept talking about my investment and the returns I'm seeing, and people naturally just get interested.