Whether it's about deals, property management, or anything in between, I'm all in for a good conversation!

If you rehab a house in one of the neighborhoods you're considering will it be surrounded by other abandoned distressed properties or are these abandoned properties located in decent neighborhoods that people will want to live? 

In my experience, we work closely a family and manage the property they live in.

My primary residence is debt free as is my rental property-- the thought is the rental will supplement the retirement income and I'm not chasing ROI/ COCr / vacancies / etc.Thanks for the welcome! 

My wife became a realtor in March & I recently jumped on as the business development manager of a long-term property management company.

I dont have experience buying but have looked into it, from what I can tell, if you buy it at a tax auction, The owner has a certain amount of time to reclaim the property.

If you live in the property for at least two years, you can sell it without paying ANY capital gains tax (unlike traditional flipping).We've done this a few times, but almost every time, we end up keeping the home as a rental.

They take possession of the property in foreclosure. 

Or can it be created right before the property is sold? 

All - I've owned this rental property for +6 years in Cleveland, OH and never had fleas ever with several rental cycles.