In typical lawyer fashion, the most accurate answer to your question is "it depends" (sorry lol). 

But a lot of us aren't focusing on acquiring properties in this fashion. 

What happens in the future when the term, "Housing Provider", and the other terms that you replace, "Landlord", with become either offensive or out of fashion?

It is a large tract that sits in a rectangle fashion on two major cross streets with a tear down house on the corner.

These areas must be respected and maintained in a clean, orderly fashion - included but not limited to trash, debris, odor, unattended possessions, etc, by penalty of $100 fee per incident.

One is that you are managing the property in a proper fashion.

@Allen Harris  one thing for certain MI is creating a lot of business for all the other providers in INDY that have their ground teams running in a husband like fashion

I had a pre-qualification letter but my current bank won't finance the property because it's under $40,000 (apparently too low for them to work with).Any suggestions for financing a sheriff sale in a TIMELY fashion.

I tend to think it's a very safe, conservative, and maybe even old fashioned approach, but I don't have personal knowledge of clients who have lost hundreds of thousands of dollars either, as he does.  

So much so that doing it the old fashioned way is now a creative way to reduce the silly risk the “no money down” people are taking