Once approved they will put the foreclosure on hold for a bit - 4 months minimum to be exact which will give you plenty of time to find a buyer (the existing one, or a new one), and get the sale closed.

You’ll find plenty of experienced investors in those areas here, so it’s a great place to connect and learn.

Even a typical water heat replacement would set you back signficantly.There's plenty to the puzzle that i am unaware of but with what you've outlined here i would consider passing on the property.you know you need managementyou know you need to remove at least one tenantyou know cashflow is meager after considering management.i personally wouldn't recommend a client take on the risk for such a paltry pay out out of state.Even when considering long term appreciation the average amount of headache one assumes with a property will bog you down before the long term play pays off.

Yes, we sell plenty of homes on Staten Island.

There are plenty of P/HMLs that do this and there’s no conflict.

Just allow plenty of time and move quickly or you will lose money.

Also, I work a lot of Section 8 in the Greater Memphis, TN area and in contact with plenty of Property Managers and Owners. 

Plenty of fixer upper homes that have good margins after rehab. 

Feel free to reach out - would be happy to pass along a free invite, or pass along any other resources you may need! 

hey @Greg Garza - plenty of low cost options out there.