Are you going to be starting your portfolio eventually?

Then sell the property and start doing fix and flip or fix and rent. ( I prefer to sell this property as it 100km away from my student rentals. ) Not sure if I should renovate the lower unit to sell.

I've been looking at some properties and before I get started, I wanted to know does anyone have any reputable General Contractor/Contractor along with property manager in Columbus, GA because I haven't had much of luck in that department yet?

Leaving out auction and foreclosure costs for a second, when you write that check for $220k the trustee is going to pay BigBadBank the $175k they are owed first, then he's going to pay LittleBadBank the remaining $45k, and you will get a clean title as the process is going to wipe the slate clean.

another issue it is about 18 months wait to get a Cabin started due to high demand for builder.  

Quote from @Rushi Shah: Hi everyone, my partner and I are renting right now and looking to start our landlord journey.

People start moving in with their TOH homes (back in the day when everyone could afford one) and the park starts to fill up. 

I'd feel comfortable investing ~$50k to start off.

I am getting started in real estate investing soon, and I want to plan for the best course of action.

What is the standard process from start to finish so we can eliminate as much risk as possible?