And if the fed rate continues to drop, so will the mortgage rate. 

What's the overall condition of the property? 

It will depend on the quality you're looking for..

Once the lease is signed, I go to the bank and open a new security deposit account, and then the bank provides account number, which I then manually enter in the lease and have the tenant sign the lease again.Any guidance on avoiding the hassel of having to sing the lease twice lease?

Cities usually don't care if the OWNER lives in the basement, just tenants.You could use the extra income to offset cost of finishing basement and more.

The easier it is for someone to engage, the more likely they are not serious about the endeavor.Have you ever visited Biggerpockets facebook page?

Are you in the process of taking the licensing class now?

Somehow, a quitclaim was made from the sole heir just 5 days before  the tax sale - and recorded in the deed book the day after the tax sale.  

The protocol, my team tasks in situations like this would be the following: First, evaluate if the requested repair is truly cosmetic or if it impacts habitability.

Would love to get a few referrals  You'll wanna move this thread over to the Classifieds.