@Erin Dorsey Robinson Yep, I see this as an opportunity for investors to firm up their personal balance sheets, build up a war chest of capital to deploy, and exercise patience in the short term (waiting for market fundamentals to erode in the intermediate term, and for deals to become more attractive) and exercise aggression in the long term (capitalizing on weakness in the market as sellers' expectations are forced to adjust). 

Collections and DelinquencySec 34.21 (e)(e) The owner of real property sold at a tax sale other than property that was used as the residence homestead of the owner or that was land designated for agricultural use when the suit or the application for the warrant was filed, or that is a mineral interest, may redeem the property in the same manner and by paying the same amounts as prescribed by Subsection (a), (b), (c), or (d), as applicable, except that:(1) the owner's right of redemption may be exercised not later than the 180th day following the date on which the purchaser's or taxing unit's deed is filed for record

However, your brokerage company will demand that you put 15% of the exercise price of the stock as collateral, which will be your investment in this case.

I was expecting 1 of my 5 rentals to possibly have an issue with rent and had some options available to help the renter out , but did not need to exercise that.We will see if this continues next month.

@Dell J. thanks for the gentle nudge, I'll continue moving forward and try to get out of my own way :)

@Jordan Workman nice work exercising your "deal analyzing muscle" - practice makes perfect, and being able to quickly vet the financials on these deals is an essential skill for any investor. 

You can also look online, but I find it's easier when you can physically see and touch the items.After you have completed this exercise a couple times, you should have a really good idea what your material costs will be for most aspects of a rehab.