Sounds too skinny not a deal on the surface.What are her arrears (back payments owed), monthly mtg. payments, & market rents for a comparable property?

Too skinny with all those issues you may to deal with, could easily turn into a loser very quickly with one hiccup.Keep looking for a better situation.

Jeff,This deal sounds too skinny in my opinion. 18k of potential profit relative to the risk you are assuming is just not good enough.

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Steve Babiak, you're right, I was :)10% is too skinny to make money, so selling at a higher price is an option.

I will drive the neighborhood and look to see what other, if any, for rent signs there are and maybe I can get the skinny from the owners by calling and inquiring.I just can't wrap my head around a $360 monthly penalty just because the owner chooses to rent it out (the total annual HOA fee is $180 I think for owner occupants..

If you buy it like any other skinny deal now, no one (estate creditors) ought to have big issues.

I received a lot of phone numbers of relatives and was able to get the skinny on the house i was looking for..non motivated sellers..lots of people located sellers and got the same info as me. the house was abandoned for 10 years and they were waiting for their incarcerated sister to be released..that would be her house ..but you may have better luck on yours!

I've been working foreclosure deals for close to 40 years and "cheap" or even skinny deals do not appeal to me. 

It is not a pill that makes you taller or skinny Out of the box it works.