In looking up the tax records it appears to have been bought on a short sale back in 2013 for $85,000 and the owner took out a mortgage of $63,000.  

I started to try and persuade her February 2014 shortly after we got engaged.

Although I couldn't get a meeting with Clayton's team on short notice, I did do a drive by of the duplex they had sent me as an already sold example: 820 N Oakland Ave. 

I applied for a mortgage through a broker shortly after getting it fully rented. 

We decided to get the roof patched for now and got a couple bids from $3k to under $1k, since a new roof was over $10k and we wanted to do all that once after we foreclose with a 100% rehab loan.On top of this, our attorney discovered a release of mortgage was filed in the past, which is what made the homeowner believe there was no money owed.

@Victor Vazquez, your willingness to be creative and put your short term comfort second to earning income is going to lead you to a very wealthy future.

In the short term, we are currently in the process of defining our goals, educating ourselves, developing our team, building reserves and learning how to analyze deals.  

Short answer... yes.  

There really is not a sweet spot short of your initial investment.  

I thought I could use the Pergo Outlast + product that is supposed to withstand water for 24 hours but then I discovered Coretec Plus which is waterproof.