Rents may be high, but where are taxes and insurance.

Any property that has a claim will be tough to get through escrow.  

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

I’d fix it up and list it to sell after I’d been there two years to take the gain tax free.

You must have the Business tax license & pay all the fees required.  

Either way, with rent and price appreciation, tax benefits, holding long term is a net worth exploder.

In the event of damage to the product, you file your claim through them (take pics and submit).

In order to defer all tax you must purchase at least as much as your net sale ($500K ish). 

@Apryl Skahill To get your risk-averse spouse on board with real estate investing, start by educating him with beginner-friendly resources that highlight the long-term stability, cash flow potential, and tax benefits of real estate, such as depreciation deductions and offsetting W-2 income.

I am no professional here, just explaining from my experience.. first, insurance starts claim and they send adjuster out to assess, check damages, and collect documentation.