I once bought a tax Leon certificate for a home that resembled a shed in a rural area, and was able to profit from the transaction a little over a year later.

💰💰💰💰 and slowly make money over time. 100 months of $350 from profits to take 8 years to break even.

If you have lived in that home for at least 2 years of the last 5, you could sell and any profit might not be taxed as a capital gain.

I may be pursuing my first purchase via a foreclosure auction there, and would love any insight on strategy.ThanksElaine

You'll essentially be a holdover tenant if you don't leave on the previously agreed upon date, so the reality is you could get into legal trouble because they could pursue an eviction and other monetary damages against you.

Don't let that dissuade you from pursuing a career or opportunities that you otherwise want!

Ask yourself if you are in business to start a local community outreach program for senior citizens ...or are you trying to make a profit?

Understand all of the profit centers for PM's like leasing fees for example, that would be paid on top of the management fee.Most importantly, check local laws, some areas require real estate license, minimum years of experience and property management licensing.  

As time goes buy, that first multi-unit purchase becomes more and more attractive/profitable.  

Once you know that, determine how long it would take you to cash flow/profit that amount.