But "it didn't redeem and he got tired of paying the tax bill and cutting the grass so he let it go". 

I have found time is better spent building tools to quickly analyze & procure new deals, rather than hyper-analyzing the metrics of one deal, ultimately making initial review faster & more reliable (spend time on the things that make sense, quickly remove things that don't, even junior-level staff can identify good opportunities with the tools, etc).For example, if I'm modeling a SFR to 3-4 unit scheme, I can quickly check the $/sf/mo for each of my proposed units and get a good idea of the GOI without having to manually dig through &  find rent comps in that City/Zip:- So instantly I know in Woodland Hills that a Studio is close to $5/sf/mo on avg, 1 Bedroom closer to $4/sf/mo, with the 2 & 3 Bedrooms closer to $3/sf/mo.

There will always be more risk with something vacant, you're probably going to be counting on one person as your "eyes" on the project (or at least for "security", overall)- and the more hands on/ closer they live / able to visit site frequently, the better. whether that is your gc, a project or property manager, or your handyman/even yard maintenance guy, neighboring teenager, or whoever- this person is key

I am considering to invest in a single family residence in Oklahoma City, closer to Bricktown.

Another I am an investor in, with a check far closer to OP's sizing, 506(b) with average check size around $300k.  

I’ve got the entire Roughneck 2 Real Estate fb group leaving reviews with a link to this thread and a pic of his mugshot on the note closers podcast.  

If you don't already have a preferred 1031 intermediary to work with, we'd be happy to give you a free consult whenever you're closer to making a decision. 

Nicer and closer to ASU, lower cap, less nice and a further walk, a little bit above 6%.Do you have something brand new or needing some work?

Not only is Detroit officially growing for the first time in 60 years, but it's been growing for closer to 5 years!

A quart of regular milk is about 1 Euro, grass-fed organic milk is 1.10 - the difference is very small. (1 Euro = roughly 1.1 USD) Here in Milwaukee I pay about about $7 for for a 2 quart container grass-fed.