I've researched the property on my town's registry of deeds and found the current holder of the mortgage (Nationwide, if I recall).

The better you are at organizing, the better you can manage your time.I know that if I was working on my REI exclusively, I would accomplish A LOT more than I am now, but my pay as a paralegal (not sure how it is nationwide, but here in the Bay Area it's pretty good), so until this REI thing 100% replaces my income, I have to strive to do it all. 

This is because you could sell off the 2 better homes leaving poorer collateral still outstanding at say 75/80% LTV on each, they'd rather see something like 60 or 50% left on those properties.

Does your 9-5 income and current outstanding debt support the debt to income ratio requirements to take on an additional 7+ $200k properties?

I think significant nationwide appreciation(and increase in homeownership) will really come down to wage growth of middle class earners rather than financing incentives. 

In digging a little deeper, I learned that the outstanding mortgage is $140K, and there is a state tax lien of $1280 and a federal tax lien of almost $48K (which is why they haven't budged on price in years I'm sure).

Personally I would go more macro...Historically what affordability rates have been a reliable buy/sell signal.Historically what is the relationship between interest rates and housing prices.Historically what is the relationship between rents and minimum wage.I think its easier to get reliable nationwide data than data for a state or city.  

Plus that closes nationwide because I do deals in different states please let me know asap                                                                                                           Thanks, Elijah                                          

What is the amount of the outstanding mortgage?

Another is Scottsdale, part of Nationwide Mutual.Most likely we would use an admitted insurer unless VERY special circumstances come up.