Furthermore, you and disqualified parties cannot live in or use any of these properties, nor can you do any of the maintenance, upkeep or construction work on them.  

Upkeep costs?

Don't mention to him that the property is "abandoned" unless you know for sure that they stopped paying on the taxes and upkeep of the property.  

Any agent worth his/her weight can provide you with this information, so take advantage of it!

They'll be worth their weight in gold.

., pier sizes may have to be larger, or they may have to be more piers to accommodate the heavier weight of the foundation); the slab would require structural supports or grade beams or a combination of the two.

But, nothing that's worth its weight in gold is easy to accomplish.Below, is a blog that expands on this conversation and from which you will gather additional thoughts in your quest to be successful at REI.https://www.biggerpockets.com/renewsblog/2008/5/12...Good luck and best wishes on your REI journey!

Capital is not a concern, and the $120k downpayment would be diversification to an overall portfolio heavily weighted in the stock market. 

It may take you a while to find a balance, but a good wholesaler is worth their weight in gold (literally).  

Ask any investor or rehabber- That team of professionals in itself is worth its weight in gold.