You can probably make decent returns in Akron based on gross income and purchase price.

It's great that you're focused on saving and educating yourself before diving into real estate.

Hi @Jerry Nogueras that depends on your goals and how open minded you are to different strategies. 

Many of these PM's have too much on their plate and are unable to provide you with consistent communication.

The distributions and allocations on your K1 will dictate what is attributed to you. 

I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

@Ashley Kehr have you used the Search feature here on BP?

if i were to acquire these and have them be owner financed, I would want clear title and the other mortgage on this lot removed - especially if my loan has a balloon on it that matures prior to the existing loan, as how would to provide clear title?

Hard Money Loan and HELOC on my own house.

Rates and expectations vary depending on the relationship and the investor's comfort with risk.