God bless,Arturo

Also the home has 2,648 in back taxes owed.Thank you I hope I wasn't too vague any help would be great.God Bless.

God Bless you all!

I happen to be blessed with timing and the recession was my best times.

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

If they can do it they do it and I pay themI don’t give a crap if they have the governments paper blessing. 

A blessing and sometimes a slight annoyance. ;-) Thank you for your counsel.

I guess I am blessed as well.

I think in the process of being the Older Wiser More Experienced Investors out there, the literal original question has gotten lost in the smog.To wit: What IS real estate?

As for the opportunity,as long as it's legit, positive,and healthy it's a good dream.God bless!