I wanted to get some more experienced eyes on this deal and see if it is a good deal.

You may want to hire someone to consult with to make sure you are doing everything correctly.The issues that I normally catch are people not properly allocating expenses to business and personal.For example, mortgage interest will likely be split between personal(part where you live) and business(area where tenant live).Furthermore, I often see people deducting the full mortgage payment when only the payment to mortgage interest / real estate taxes are deductible.best of luck!

I saw a listing for a foreclosure for very little money, but think there must be some catch to it.

To my eye this seemed a bit high, I pinged the Internet, and the phone started ringing.  

We quickly figured out why: their sorry reputation was catching up to them, so they were changing their name.  

sorry, didn't have cell coverage for a few days and just catching up. 

Keep your eyes on the Bill currently going through the House Ways and Means Committee.  

Going from $25k to $100k can happen in the blink of an eye. 

I think the South Eastern part of the United States is trying to catch up to the Western half as far as housing goes.  

More eyes on the project equals less mistakes and a better scope of work.