What are the potential risks when a person decides to buy a tax deed property ?

3) With me being a realtor, I can list the property at a discount rate (still have to pay the brokerage a little fee) and we save about 12K in listing fees (still have to pay the buyers agent, unless I sell it personally). 4) Should we try to get the hard money, or should we be looking for a cash investor that might see a benefit of not having to pay capital gains taxes or listing agent fees, and partner with us?

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On a side note, I have ran my numbers on my personal home to see if it will be a great rental property for me. 

I'd be very interested to hear peoples' thoughts on how they integrated REI with the personal side of things and lived to tell about it. 

Terry is the owner and has been the person to come and bid my jobs.

The only way you're going to know is to have a qualified foundation person inspect the house.Sometimes it looks a lot worse than it is.

Last but not least - I would love to know your personal motivation in real estate.

You won't be able to use the IRA owned properties for personal use nor can you perform sweat equity functions on the property. 

Thanks in advance for any suggestions.Maybe market list as subscription to TN craigslist real estate investors with your story and personal experiences, flip details, etc.