When you hold real estate personally, all income you receive from the investment is taxed in the year you receive it, thanks to depreciation deduction you can offset some of that income and minimize your tax liability.

Don't waste it being a PM, or doing your own rehab. 

No time to waste.

I quickly realized that having the address was a waste of time - because everything was auctioned by "Lot and Block" which I hadn't written down (newbie mistake). 

I would stop wasting time and walk .

Before you waste a ton of time on analysis you might ask the seller/ listing agent if they would even consider seller financing/ lease-option

You can take over the loan if it is done properly, keeping in mind that you have to do so properly to minimize the risk of the due on sale.

You can waive or lower the lease breaking fee.Utimately you want to minimize turnover cost and lower your risk of default.

@Darsh PatelDon’t waste your time with people who don’t physically have the voucher during the showing and it must match the property dwelling .

We did interior and exterior remodelling, plumbing and electrical, dry waste and back yard.