Just make sure it is assignable, and boom!

We have 4 small kids and luckily a booming business.

There are a lot of contractors, car collectors, etc. that will be interested.

Well, you can get a lawyer, but you already have a judgment, so not understanding what that'll do for you.Now that they've moved out, probably selling the debt at discount to collectors is about it. 

If that local economy is booming due to 2 or 3 industries/factors such as a military base, think about what would happy to the value of local real estate if that military base closed down.

But I found much better qualified-investors/QP level investors from this site also ; my investment is better since I'm more using qualitative data and not people opinion.Real estate is actually very easy, you just need to buy where there's an economic boom and expansion.

It has universities and lots of industry, but is sort of post-boom.  

In our state senior tax deferral you usually don't learn about that until you get a property that had one.. only way to check to see if there is deferral is with a phone call to the county tax collector... ( that happened to me to the tune of 90K)  its a one time lesson although I will say I salvaged what I thought was going to be a 150k profit deal and it was only 60kk could not figure out why no one bid on it  LOL4. get caught up in the bidding process and pay way to much only to find that out when you sell it and make no money5. not bidding on a great deal because of an IRS LIEN  they rarely redeem I got some of my best deals that had those on them.most other phycial problems like soil foundation etc one should be able to see6. rural property... septic or well is bad and can't be fixed house can't be soldThe greatest barrier though is in CA and many other hot markets your up againts companies that have 8 figures or better and your competing againts them.Or you have some one who wants to buy the home to live in it.. rarely will you beat them.So there is a ton of leg work with little reward if you don't have a wide open net to what you want to buy

IE buy in southern florida because population/prices are booming!

Just like Warren Buffett: during the tech boom in the late 1990s, he was not buying stocks and people were laughing at him for not profiting from the so-called "New Economy".