Make sure to factor in 5-10% vacancy, taxes, insurance, mortgage, repairs & maintenance, lawn care, pest control, management fees, utility costs (goes in your name when vacant), turnover costs, and capex reserves. 

really depends on the state.. for instance OHIO is one of the safest the judge wont confirm the sale unless everything except irs is taken care of.. you just need to know if its a first or second.NV is another pretty easy one at least Vegas. where the sales are handle downtown there is a title company right there and they run title on everything that is going and offer a hand out to any bidders just ask for it..

Carefully financially model this, so you make a profit.5.  

The Lender does not care!  

It seems like it is something of a gray area, because you are taking care of it, but you might lose this one in court.There is also this,"If an apartment becomes uninhabitable due to fire or other damage not caused by the tenant, and the lease does not expressly provide otherwise, the tenant may vacate the apartment and cancel the lease.

I contacted the heir and found out that the heir didn't transfer the property to them selves, not pay the taxes because of an unrecorded DPW lien for nursing home care for the decedent. 

Once you gained experience vetting guests you could try BDC but your prices need to higher than your Airbnb prices and you be very careful as the platform has tons of scammers looking to prey on unsuspecting newer hosts.

I’m ok with not cared for yards and bad school districts.

Many first-timers don't, and then they are CRUSHED when reality bites down hard.Trust me: I was one of them...Be very careful!

What I have seen on BP over the years that REI provides- superior customer care & property management.