My best guess walking around was that it needed some fairly moderate repairs.

I’m  fairly new to real estate investing.I am a plumber.  

or even pay cash for it.I think once you get to a fair amount of savings, identifying what your goals are in the future might help give you a better guide as to what you can spend in the meantime.

@Timothy Woodland,As described by at the link @James C. provided, that's fairly typical of a foreclosure time line.In general, you need to be in touch with the foreclosing lender about bringing the loan current and stopping the foreclosure before you can buy the home from the current owner.

My lot is fairly small and somehow with the reassessment my taxes didn't go up.

I have one in Oregon that is just under 10 million and typical hard money rates are being quoted.. however frankly if you still cant make nice profit paying for HML or private money then the deal is probably to tight. if your talking 10 points and 20% then ya that would  be a little bit high.but 2 to 5 and 10 to 14 is in the all park.. for a HIGH risk horizontal loan.I just did one personally ( i was the lender) in Orlando and we were up there on the top end of what i am talking bout 30% apr  but the developer snag a great deal and will still make a few million on it while paying me 100k for a 700k loan he used for 7 months.. that seemed fair all around..

I'm a fairly new investor in NWI. 

My other option is to hold on to the property and just up the rent to fair market price.

to be fair to them so they can organize themself!)

I am trying to get a fair price for a couple turnkey sfr and there is a question about pricing of turnkey property being higher than mls.In the c neighborhoods of dayton, oh, mls prices are generally below 50, owner occupants can't get financing, flip to sell is not really feasible, freshly rehabbed properties rent quickly and for good rents and good tenants.