@Cory Prior There are ways of doing low-money down strategies.  

Make sure the previous property management company did their job and communicated a change in management prior to you taking over--along with your contact information.If they have no done this, they should so the tenant doesn't feel like a scam may be going on.Just make sure they're away of where rent payments need to go and who they can contact in the future. 

Japanese mind set :)WE just make our money pay our tax's and try to stack cash so we can provide it others and rent the money for a fee :)

There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.

A performance deed executed prior to default violates the borrower's right/equity of redemption in many jurisdictions. 

The information provided is based on my experience and industry knowledge but should not be considered legal, tax, or financial advice.

A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

For example, what is the monthly revenue for the property and what are the "All In" expenses, including mortgage, taxes, insurance, utilities, repairs, etc...

.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?

Assuming this is an 8 cap neighborhood you'd have a ~$420-450k value within a year (unless property taxes are crazy high) when leases would renew since it'd be valued as a commercial building with the office space.