Let me be a little more clear...5-years post conviction and discharge of any sentence.Now, if I had a smallish MFR of mostly 1 bedrooms, then I would consider renting to someone recently released, provided they can produce recommendations from their prison case workers and documentation that they were free of any major cases, while incarcerated. 

Illegal for Bankruptcy court to discharge $100,000 of property taxes.

A debt that can not be discharged.  

The seller in the RE world is an absentee owner with a vacant property but is also a VET that was discharged a few years ago under one of the military's force shaping tools.

If you go this route, and your debt is discharged you won't be able to file for bankruptcy again during the next eight years. 

The note on the mortgage was a variable rate @2.9% with an early discharge penalty of 3-months interest (pretty low ... a fixed rate note would have carried a much larger penalty).  

Notice of default (foreclosure).. constantly stay in their ear , from start to finish.6. discharged/dismissed bankruptcy cases (get from pacer)7.Tax lien sale- published in legal news papers when auctions come up8.

With a house that old, you could easily uncover issues that cost 100k to repair, like failing structure, foundation, electrical (knob and tube was the standard when the house was originally wired -- this place is so old it predates electricity), heating/cooling (old boiler, furnace, coal chute even?)

@Boyd McClean I'll defer to those who know more than me (and that would be many many people on these boards) but my understanding is: (i) Chapter 7: the borrower is discharged but the lien stays attached to house (lots of rules about not calling the borrower, as they are personally discharged, so your only real exist it to start a FC - though some disagree on this point/are willing to risk it); and (ii) Chapter 13: the underwater lien is put through the plan, if it has no equity, it can be stripped from the house and 2nd debt is treated as being unsecured.  

Unfortunately they financed their education with debt that can't be discharged even in a bankruptcy and many if not most can't find full time work in their chosen fields.Plus to add insult to injury, what ever they do manage to save for a down payment earns zip thanks to the Fed's ZIRP (that the Fed find themselves trapped in).