Ultimately, you want to find out about the house when all the other investors do.

Plus, @ $50/mo, the tenant likely doesn't realize they are paying more than they would being individually metered since you only pay one customer/meter fee which makes up the majority of that charge...$35+ of it is likely a per-meter "customer charge" and not based on usage.

Notwithstanding the foregoing, if the landlord reasonably believes such abandoned property to be valueless or of such little value that the cost of storage would exceed the amount that would be realized from sale, or if such property is subject to spoilage, the landlord may immediately dispose of such property.

I can think of a few things that would be much better for you and more stable.. do you realize wholesaling is probably the toughest thing you can do in real estate..  

@Douglas Snook Thank you I didnt realize it was federal.

I realize that most cities have area's where crime is higher in spots but since I don't live there I'm asking for advice from some savvy local investors on where the best area's are or would it might be better to just invest in Huntsville or Madison. 

The downside is they might try to retrade you later if they subsequently realize that they gave up too much, or might not even be able to perform on the acquisition, leaving you holding an empty bag. 

You will look back several years from now and realize how far you have come.Aristotle said that 95% of everything that you do is a result of habit.

Once I realized this was all I had to do, my life go so much clearer.You'll get a little better each and every day, the thing is just to never give up.

What people fail to realize is the grace period isn’t moving the payment date.