@Kwanza P. do NOT do anything until you speak with @Russell Brazil!

I've been doing more reading and research to learn about how these deals work to see if there's a way to save the deal.

Assuming I purchased a property, how do I find renters?

I do need some debt.

In my opinion, it's at the far end of the un-sexy-but-profitable scale.

Can it be achieved yes (I have done it in a fund) but would I promote that as normal - hell no. 

Quote from @Michael Evans: What steps do you go through to secure vacant rental properties in rough neighborhoods after a tenant leaves and you're waiting to turn the property over?

I do it myself and takes 20 to 30 minutes a month (did it yesterday for Dec), with about 7 of those minutes for 1 property in Blount County, TN which requires the form to be manually filled out, write a check, address an envelope, scan doc and check for my records and walk it to my mailbox.

Do you have a purchase price range you're targeting?

Before going get the list, what you think its worth and see what people buy it for.