People also love the back deck with the string lights and a nice seating area. 

on my drive around Lake G  I topped into a new development  Large lots nice Modern Farm house designs much like what I build in my developments but definitely next level from what we build and prices were not bad I think under a million.. 

Tone, pace and the exact words matter.

Once you know the market, it's a nice gig. 

It could be a nice opportunity however I would be certain they will want you to make up the difference between $250,000 and whatever is left on the mortgage which btw in my opinion should be done with lender's knowledge and approval. 

Look for duplexes that are going to need some rehab work so you can add some sweat equity and bring the value up as well.

It's a nice lesson in behavioral finance.

Beyond that, every city I have been to has rough areas where "cash flow looks great on paper" and "nice areas where appreciation should be great".  

Hi @Byoung,Nice to meet you!

They're charging second mortgage rates on a first mortgage, nice investment if you can get it.Getting the former owner to sign a second mortgage for the amount you paid at tax sale works, if he pays, and if he signs.