We are also seeing a steep rise YoY in bankruptcies across all chapters (both business and personal) which is another indicator of not only the direction of the housing market, but the general economy as well. 

This was a lot that was under contract for a purchase price of $500 and all in closing costs, hoa dues, back taxes, affidavit of heirship fees, was about ~$7300 to close and I used my business credit to purchase.Reason I purchased it was because all other "buyers" wanted to purchase at a super low price point where I wouldn't make any money.

If I lived in a City like this, I would start a similar business. $3,000 - $5,000 to remove a squatter, and I can get them out within 24 hours.

There are far more important items you should be prioritizing but first so I am clear on the strategy, it sounds like the business plan is to go under contract, renovate the building and then purchase the building once renovated and stabilized?

They don't always teach the business side of real estate which is what you're experiencing.It sounds like you set your REI business up as a Solopreneur where you not only have another full time job and family, but you're the maintenance, leasing agent, manager, project manager and etc. 

If we are able to do business someday that would be a great added bonus!

A GL policy can be obtained for your business.

Feel free to contact and hopefully we can make business together.

I subscribe to The Business Journal, and they have a version of it with quality content on each of the major metros across the country.

Learn what you can from others in the business in your market.