But after looking at it annualized, it wasn't much more than a regular tenant (and lenders hate it). 

(Updating the bathroom, ripping up old carpet, putting down plank vinyl flooring, paint, updated appliances etc.

Travis, no, he would pay us our regular monthly rent rate, then he would rent out on AirBNB.

he said he has 25,000 Into buying the home in 2008 and has made his money back multiple times over since 2008 as a rental but is tired of renters and fixing issues every 6 months or 3 months or year you know the story....so his offer to me was here you take the house I will even throw in 20,000.00 as repairs and updates are needed you ( being me ) do the work and when you are done we have it kisted...he then said he only wants his investment 45,000.00 back at the sale and anything over 45,000.00 is MINE?

The fridge works perfectly - no damage, cleaned inside and behind on a regular basis.

The bad: Needs updated baths, kitchens, refinished floors, paint, deck and landscaping at a minimum, basement is gross. 

I am trying to figure out if I should just pay all or part of the taxes to avoid the property going to a tax lien auction and simply initiate a "regular" foreclosure on the mortgage or if it would be cheaper/easier to let it go to auction, let the purchaser notify me as I am the lien holder, then redeem the tax lien and initiate a tax lien foreclosure.

Most won’t put you on an update type list.

The REIA has some good meetups and do a meeting specifically on wholesaling regularly. 

Regular price is $289.00, still beats $25/month.