I don't see the market going up in the next few years, so little to no equity. 

@Olga DaiselNo one can answer this question is no idea how much the repairs areIf you say you want it to tear it down then I would not pay more than land value minus demo cost.

hopefully you still have their deposit to offset some of the costs. 

Hi, I'm screening tenants for a single family home and the husband has no credit history but makes the bulk of the income.

Hey @Faaz Hafid no worries, good place to come when you're new. 

No attempts by any relatives to redeem at all. 

I have no idea who they are and have not paid anyone a dime. 

Of course its easy , its no problem getting someone to sign a contract to sell their house for much less than its worth .

First, do no harm.

C-Corps usually aren't a preferred structure for real estate.I know that with a self directed IRA all of the income has to come back to the IRA - read another way - you can't take the profits from your investments and access them today (so no passive income that you can utilize in the near term).