I’ll obviously contact a local attorney but any advice or suggestions would be helpful.  

I suggest before that, get heavily networked into your target market. namely with the older investors.

Does anyone have any suggestions, advice or a strategy to share with me?

This will save you time and effort, as you won’t have to travel long distances to manage different properties or handle tenant issues.For your first investment, I suggest starting with 2-4 unit properties.

I’d suggest you dig into the numbers, compare it to what a regular sale would give you, and talk to someone who specializes in this type of deal.

If you aren't familiar with Baltimore, I would suggest it's a hard no and say that you are trying too hard to make cash flow happen talking Baltimore and tax liens and auctions.

Looking into the taxes is a great suggestion.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

I'd suggest raising your price target a bit.

We were able to get a full assessment with suggestions to improve the terrain and building in order to support fire prevention.