Might be able to get below market.Cons: Do not expect a quick closing, they can drag on forever.

Taxes will certainly go up due to the removal of any homestead exemptions and potential re-assessment.Good to pay attention to flood zones and such as that can be a huge drag on insurance costs.The one thing that stands out in your post is your price range.

where as someone who has not can file at anytime.its not uncommon for BK cases to drag on for years.. depending on the situation.. the debtor IF they did not have a complicted financial situation could have been doing a work out and then Covid hit and they had to throw the towel in and just go chapter 7. its not like the old days where chapter 7 had to wait 8 to 10 years. 

Not to mention the drag on your time to deal with tenants will be more.In my experience, it's easier to lose money the further you are geographically from a property.

Fortunately this house was only a minor drag on my whole portfolio, but i have other investments (performing notes) that have had zero issues with payment, and none of the variability and liability, with similar returns to the performing house. 

Just note that the process can easily drag on for over a year if the former owner decides to fight.

I've seen a lot of growth predictions for Dayton that I hope remain true, especially around the Dragons baseball stadium downtown.

One wildcard is the prison, which I think will continue to be a drag on property values long-term, but as southern Westchester keeps getting more expensive, the population will likely continue to migrate north.

To me, an amortized loan is like a dragon - with a very large body in the front and a much smaller tail in the back.

Court date is at the end of this month, I expect the opposing party to call 500 BS witnesses to drag on the trial into 2 days.