I see a lot of people who are gonna get crushed as they are buying NPL's based on thinking they will foreclose but the borrower has a high likelyhood of filing BK to keep their equity and people are paying 80 cents for a 3% loan that is a year behind which is insane!

Have a VA call your list and try to find folks willing to sell.I'm not doing this for land, but it's generally what I'm doing with other properties I'm interested in.

the period of time it was investment you will pay tax on. 

Would renters be willing to pay $2,600 a month, or would they be more inclined to purchase a home instead?

Pay more for something that is closer to rent ready so you don't get hit with big bills later.I hope that helps.

You have a lot of properties around the colleges as well that can be rented to students or since its next to a couple of Hospitals the Nurses, Doctors, and other medical staff pay good rents.

Apartments.com makes money by landlords paying to make their rental listings "premium" to get bumped up in search results.

I’ll have to pay taxes on the mortgage boot.

My offers are getting beat by folks who have some magically optimistic pro form apparently and it's not worth jumping in for sub par returns and tenant headaches (or PM headaches).

I'd rather trust that someone pay an assignment fee (based on your word of mouth referral) and not get paid then the other scenario.