I found a property that has a foundation issue.At first, I was turned off and passed it over.Doing some Google searching I see they also tried to sell this property in 2014 (at a higher price) but it did not sell.It has been sitting on the market now for a few weeks. 

So we ran into a scenario this past week, so here it is.We found a condo at a great price.

This issue seems like the owners cant resolve quickly , also found out they are having misfortune on their end at their primary residence.I know advice and suggestions of "don't do it" will pour out from you, and I appreciated it.

Don't be one of those posting basic questions on tenant problems when all the answers can be found  in the state codes that as a landlord you have a responsibility to know..

So I found a person trying to sell a property on craigslist in a smaller town about an hour away. 

We researched the home and found that the owner has a reverse mortgage loan on the property.  

You can run the figures in am amortization calculator found on bankrate.com.

I found BP about a year ago and I feel real lucky.  

Hi @Mark Winkle, you've found a great investing site here at BP.

You have found the right place for some great networking and education.