Readers should seek professional advice. 

@Marquez Cadet Haven't used one in a while, but I am currently seeking bird dogs in Eastern PA, DE, NJ and Northern MD and am willing to pay $1000 per closed lead (paid when I close on buying the property).

However the Judicial sale record is still active  have you checked to see if the house is even still there?

For REP status federally, you must meet two requirements: work 750+ hours in real estate activities and spend more than 50% of your total working hours on these activities during the tax year.

I am seeking an early retirement and it looks like real estate is the way. 

Readers should seek professional advice.

Active listings also saw a notable rise, with 212,437 properties on the market, a 19.4% year-over-year jump.

I am seeking an investment minded real estate agent to work with me on determining (with substantiated estimates that I can share with my parents) the most advantageous path forward, which I believe would be 1) rehab and rent, 2) rehab and sell, or 3) sell “as is”.

That's a potential jump of 5.2% of active listings in one day.

Also, due to increased liability exposure property insurance premiums is adversely impacted causing fewer and fewer building owners to seek out ATM tenants.