Play it safe, talk to your agent and his/her broker, and take it from there.    

These institutions play the role of the investor and insure the bank that is lending credit a method of compensation as long as the loan has been underwritten correctly and closed legally regardless of whether or not the borrower defaults on it years later. 

I have played the game and it was loads of fun.

I don't know the area so take the following numbers with a grain of salt...9 one bedroom units rented at $575 (let's be conservative)2 store fronts leased at $600Total Gross Revenue - $76,500 - 15% (sticking with the conservative theme) Vac LossTotal Revenue - $65,025.00Total Expenses (50%) - $32,512.50Total NOI - $32,512.50Potential Vale of Property if sold at 9% Cap Rate - $361,250Like I said, I haven't seen the property but that's how I play it out in my head.

The ones I purchased were after the fact, non-sold liens in Florida which mostly do on-line bidding but finding decent properties with liens that have not been bid down to 5% interest is difficult to put a lot of money into play.

I'd play is safe and hold off until this is all done and filed in the courts.

Obviously both play a roe, but I have some money to invest and am having trouble getting started.I think it's more an issue of too much information and knowing what to look for and what the right measures of a quality investment property are.I'm in the Dallas / Fort Worth area.

Property managers obviously come into play as you have more properties and more equity so that the management fee becomes less and less of your overall cash flow. 

I think that as you play with this a bit you'll get a very good sense of the deal's suitability for you.On final note, I recently did an investment deal with 20% down and the week before close the lender suddenly demanded mortgage insurance to the tune of several thousands dollars tacked on directly at closing.

Got to pay to play, one way or another.