One of the biggest challenges today is the reluctance of homeowners to sell, which limits the available inventory.

We gave the current tenants a notice that we need them the evacuate in 30 days.

Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?

Definitely no way to do a full gut rehab or close to that for $50k today.

Quote from @Shawn Questa: Hi all,I am curious what some of the Pros would do to Help a Seller in this situation while making a Deal happen.I found a 200+ day old MLS Listing where the Agent said the Seller is in Financial Ruin, hasn't Paid the Mortgage in a year, owes about 180k on an approx. 210k House and multiple Buyers have backed out.I don't know how someone could not Pay their Note in a year and not at least be in Pre-foreclosure. 

Looking to get some guides on where or how to start.

First, appreciate all the replies to this topic.

A cost segregation study was performed on this single family home in Iowa City, Iowa with a depreciable cost basis of $649,900.

At the end of the day, it’s a big decision choosing who to invest with, but the academy is very enticing.  

Because of that, my whole strategy is optimized to spend as little time as possible on REI at this point (all I do is buying and oversight, trying to stay out of the day-to-day as much as possible).