It is on 2acres has a barn and a small house on it for 150,000 and is willing to owner finance. 

After running extensive screenings (background/credit checks, references from employers and landlords), the tenants have split up and are breaking their lease after a month and a half.

@Ivan Mak - Yes, more Canadians and a Torontonian to boot!

She is still within the time limits set by the lease and as for the check clearing completely that is on the banking system not the tenant. 

Myself and a friend of mine are planning on partnering up to start rehabbing.

I just helped a couple get a fixer upper in Hiawatha and a bank owned property on the NE side in the last few weeks. 

I spent a great portion of my life in school and as such lost out on a lot of financial/investment opportunities since I was in school or in low paying jobs in order to gain experience.  

The property is a college rental and I purchased it already with prospective tenants in place and a property manager. 

You are paying the taxes you deferred and a penalty for cashing in early.

The people from auction.com came up to me and a few others and asked what we would have bid up to on these properties.