To your excellent points in your posts, I think that the fact of the matter is that almost nobody has actually gone through the exercise of actually thinking about what THEY WANT out of life in general, and then forming a plan of action around those desires to get there! 

Also, once it’s exercised are there large fees and does the tax lien payoff increase dramatically?

And I care WHY the score is low, such as did the person allow a $50 phone or cable bill destroy their credit, or is it larger medical and student loans?

However, there is a major "roadblock" in my near future as a pre-medical / medical student: the massive mountain of educational debt I'm staring at. 

Do not sign an assignable contract until you have had the opportunity to investigate the true value of your property and the legal implications with an attorney.Take responsibility for being informed about the value of your property and the contracts that you areconsidering signing.Distressed Rescue TransactionsInvestors and real estate brokers are approaching distressed homeowners (those behind in their payments, facing foreclosure, or experiencing a medical issue).

This is a hypothetical situation, but just curious if you were purchasing with a lease option and before exercising that option the seller dies. 

You still get all of the tax benefits and you don't pay capital gains until they exercise the option.

I'd recommend you have an idea of whether you are looking at corporate tenants, tourists, or those coming for medical reasons and then look close to the areas of town that would be closer to the places that serve your target clients.

You don't want to throw everything you got into an investment property then have something tragic occur like getting layed off, costly medical emergency, or expensive property repair that you can't afford. 

Do not sign an assignable contract until you have had the opportunity to investigate the true value of your property and the legal implications with an attorney.Take responsibility for being informed about the value of your property and the contracts that you areconsidering signing.Distressed Rescue TransactionsInvestors and real estate brokers are approaching distressed homeowners (those behind in their payments, facing foreclosure, or experiencing a medical issue).