@Greg Scott From a business standpoint (and ironically what I just learned about in the last class in my MBA program that I am in) I know a little bit about the NOI and CAPEX terminology but I did not realize the terminology wasn't used on SFR so thank you for that tid bit of informationYour saying based on the basic information I described it sounds like around a 30k repair cost?

Of course there are main things to look into (ex. carpets, faucets etc.) but what are some tid bits and such that he should check out that might otherwise be overlooked?

There are literally dozens of posts here on BP about how to calculate ROI, what steps to take before purchasing, and a whole host of other helpful tid-bits. 

@Henry Clark, thanks for that "tid bit", and it makes complete sense🤜🏻🤛🏽. 

Feel free to share any other tid bits of info you have learned dealing with tax deeds as well.

Boots on the ground is how we got those and were from Michigan. thats a tid bit of our journey, best of luck!

I wrote it for Aussies when they were buying like crazy I would be happy to send it along, I make NO recommendations on markets or providers I just give you some little insider tid bits that your not going to get from marketing folks...

Just as a tid bit of history, Fannie Mae was created with Ginnie Mae in 1938 to only buy FHA, VA and FmHA loans.

Any other tid bits or rules of thumb would be helpful.

Buy low, assume more for the reno then it really is and assume less for the sales price, this little tid bit of info will save you from losses.