As a triplex, there is another older home that was split in similar fashion that is currently listed for $105k and is already rehabbed.My husband hopes someone fixes it up, but he doesn't want to tackle it.

We're now ready to tackle those items and I'm looking for advice on an optimal approach.

That was one of the harder things to tackle. 

Sorry.Did in a bit of a rush from cell phone.Here's the scoop....Thanks BPP.S. looking for insight on how to tackle the underling private mortgage, taxes and possible liens especially.SOURCEYellow Letter PROPERTY Tamarac, FL 33319VALUE Subsection Lowest Solds within last 90 daysComp 1 98,000Comp 2 100,000Comp 3 119,000Average: 105,700TAX2013 2661.842012 2545.56MORTGAGEPrivate563.24 Principle + InterestPrevious owners holding noteHOA ~ 125.00 monthlyREPAIRS Owner not aware of any repairs neededOCCUPANCY Vacant NOTESSeller motivatedCant afford paymentsHeadache - wants nightmare over with Owes at least $12,000 in taxesMoved out 20 years ago hasn't seen house sinceMight have a lien but not sureOwes HOA 657.19. - received a letter from their lawyers recently.Hasn't received a foreclosure notice yetEx husband had loan paperwork.

You really want to tackle that on your first one?

As a newbie to REI, here's my 2 cents...You will do your group a disservice and frustrate your self if you try to tackle everything. 

So after just starting my marketing, I am getting a lot of short sales clients and I don't know how to quite tackle them just yet.

And yes maybe this has been done before but again, this is an example we could use to tackle the issues with under estimating repairs.

@Adam Moehn  I like your layout as well, it at least leves some glimmer of hope for me to try out investing while still tackling the items that need to be handled.

I hate writing checks , usually I will tackle most repairs myself .