Any other pros or cons to this method of investing for at least getting started? 

Partner up with money partners and you be the operator.

Around 2 to 4 inches for two back-to-back storms. 

I agree with @Victor Patel.

Some take on the business w/o having the proper systems in place to deal with low-demographic tenants & properties.We also see owners being part of the problem - expecting Class A fees, service & results from their Class C & D properties.

Apollo Acquires Bridge Investment Group in $1.5B All-Stock Deal – What This Means for CRE InvestorsBig news in the commercial real estate world!

Purchase price: $40,000 Cash invested: $65,000 Purchased this 2 bedroom, 2 bath mobile home on a 2 acre lot with well and septic.

Quote from @Keilon Morton: I am looking to secure my first tax sale and need another investor to go in on the deal.

Adjacent lot to rental we already owned How did you find this deal and how did you negotiate it?

It may be possible for the homeowner to talk with their lender's workout department and negotiate terms to pay off the arrears, penalties and late fees on a new schedule.