Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

This can be a huge range.

The house was on the market for a few weeks, I submitted my offer after the seller reduced the price to $24K.

I've been doing some studying on short sales but still working to understand it better.

This MEDIAN rent is defined by HUD to be FAIR MARKET RENT, FMR. 

Currently own the lot my Tiny Homes and sheds are on in Festus Missouri.

Here’s the “skinny” on almost all subject to situations.  

Does that make anyone think, "If you're not bringing any capital to the table then you probably want to avoid this strategy or you probably want to go with this kind of investment"? 

Lots of depreciation you will pay no tax maybe even shield some W2 income.B.  8k maybe 10k if you pick the right guy to lend your money to in interest income you will be paying much higher tax rate on this income FYI no depreciation expense. 

The reality in this market is that you would likely not have any funds left to return to them since it is unlikely to get re-rented so soon.