I guess it depends on what your goals are but this doesn’t strike me as a particularly good deal.  

Get pre-qualified so that you're ready to strike when you find the right property.Typically, an inspection occurs after the property is in contract.

@Paul Sandhu strikes again!  

Perhaps you should consider working with a good TK operator to "learn" what you need to know and be comfortable with before you strike out on your own.

With the judgment occurring in the same year as the strike off, I doubt there's significant post-judgment taxes owed. 

More specific data is needed than simple geographical areas7 - The “empire” is striking back.

It strikes me that in areas that REI doesn't cashflow - properly run businesses sure seem to.

It's not like I can't do it after I get back, but I'm very interested and motivated now and I'd prefer to strike while the iron is hot instead of resigning myself to reading a lot of literature and not acting on it.But the advice is still very much appreciated.

You most definitely have negative cash flow so to me that is one strike against renting it out. 

He brings some things to the table and I bring others and therefore, we strike an agreement to partner on the deal and share in the profits, fairly and usually equally.For other newbies that are just wanting to get started and have none of the above, I usually sit down with them and go further in detail the Academy and the mentorship program and see if it's a good fit for them.