Is there any investor here purchased through BUCKS COUNTY SHREIFF SALE, it's my first time attneded this auction, after done title research on property at prothonotary office found that sheriff office didn't serve all lienholders in Notice.

At the end of the 5 or 7 years, if I keep the property that long, it's rinse, lather, and repeat. 

You've shared so many gems and described a realistic depiction of purchasing an investment property. 

I own a home and have one rental property in Southern California.

Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 

Is it worthwhile opening a discussion with the property owner to see if they're open to selling the property?

It is always nice to live close to your rental properties (although not absolutely necessary), and as a military guy you are able to choose where you retire to.

I purchased a property in the 77003 zip code which is 1.5 miles from downtown.

With high home prices, rising mortgage rates, and intense market competition, securing a property has become increasingly difficult.A recent survey found that over 60% of real estate agents reported instances where Gen Z buyers lost out on homes due to delayed decision-making, missed appointments, or hesitation in making offers.

I would suggest you hire an inspector as well as have a general contractor go out to the property.