4) Seek to help them solve their problem5) ask them what they need $ to get out of the house, and evaluate if you think that's possibleI'm learning to ask a tremendous amount of questions and am finding that I can keep the conversations going far longer than me offering my "insight", I'd encourage you to door knock these people and have a question based conversation so you can learn as much as you can about the property and make your decision on your course of action after that!  

There is a tremendous amount of information available to you here. 

the necessary repairs are as follows:  water heater missing, furnace looks old. paint all rooms, new flooring needed in most rooms, ( something i can do myself), recondition kitchen, replace entry doors. the house already has a newer roof and newer vinyl siding, virtually no work necessary on the outside. given my rehab skills, nothing will need to be contracted out, so i am able to save a tremendous amount of money on the rehab, which is why the following rehab number is so low.

Tax lien laws vary tremendously from state to state.

I can't say my profitability over the last 6 years was a resounding success, as I am sure if I invested in Manhattan, or the stock market, I would have done -TREMENDOUSLY- well.

Thank you all in advance for the tremendous help.Have a great day.

That is usually 'substandard' and is the more common term in the escalation of problem property hierarchy.

To give some more information on my plan, I am in the beginning stages of contacting lawyers, agents, contractors, mortgage brokers, and hard money lender to build out my contact list.Simultaneously, I am beginning to develop systems for generating leads.I have been listening to the BP Podcast for the past year and it has been a tremendous help in driving my interest in REI.  

I have been watching some webinars for the past few Wednesday's and there is a tremendous amount of knowledge. 

I'm the most active agent at a small lake community near me and know that those properties just take a tremendous amount of time to sell, but the caliber of buyers are significantly different too, which means I'm making some great connections, even if they never end up buying anything.