Net zero is trying to completely eliminate energy payments or energy input.

Thanks Miss Hooks-Bell, I appreciate the help! 

Bad debt is bad debt and needs to be eliminated at the fastest rate possible.

Any blemishes might eliminate being able to rent in decent areas.

If you have questions about the process, I'm probably the best one to ask.The Land Bank was created to eliminate blight in the Kent County area and specifically Grand Rapids.  

@David Bell I have had some success in buying lots for $5000-$10000.

I live in Spartanburg and this property does not ring a bell. I

The situation with this Seller could be allow you to eliminate the existing owner's monthly payments, create a home ownership opportunity for someone that didn't exist before and help you make some money all at the same time. 

David Bell I am assuming most of your rehab is going to be capital improvements which you will add to your basis and depreciate over the useful life.

Buying under an LLC will eliminate your ability to get an owner occupied loan, and also eliminate almost all 30 year loans, they will have a 5 year or so balloon.