While it seems like there are some better priced deals lately, you may have to be prepared to put down 30-40% down.I'd say due to the lack of homes for sale, you should be open to many if not most cities depending on the deal that comes up. 

@Zoe BrennanWith $25K, the best strategy depends on your risk tolerance and long-term goals.

Depending on your risk tolerance and investment goals, exploring short-term Treasury Bonds, high-yield savings accounts, or diversified alternative assets like private lending or REITs could also be worth considering.

They offer great advice on handling these situations, including tips on dealing with the sheriff and eviction procedure, as well as navigating money judgment collection.In terms of whether you should hire a lawyer or manage it yourself, it depends on the complexity of your specific case and your comfort level with the process.

If the property needs rehab, you might be able to do a fix and flip loan at 90% of the PP and 100% of the rehab, depending on your experience, LTARV, and credit 

They did things correctly.They will eventually clear escrow, depending on the estate it can take a year or so or go rather quickly.

Just depends on the mood of the appraiser.

And it could take even longer than 6-12 months to find a replacement depending on the area.The other things to look at carefully are major Capex or maintenance expenses - you didn't mention whether this was a NNN lease.

Depends on the class of the asset.

It’s not a bad idea just depends how much effort and $ you want to put in.