I finally fired them and found a start-up PM company that so far has been really good. 

I was focused on my business for the last 8 years and now have 2 stores for my business and I am finally in a position where I'd like to get back to doing some form of RE investing. 

Hi all, my name is Steve McCutcheon and although I’ve been reading plenty of topics on BiggerPockets for about a month now, I finally thought it was time to make an account.

Offering $125k and using $1650 current rents, final monthly cash flow is $455/month and 16.01% cash on cash return. 

@Kerri JunioYou need to do the analysis on the property.What a person owes on the mortgage has zero to do with the value of the property.You need to look at the comparative sales in the area.

Unfortunately, the couple went through a nasty divorce which is now final.

Glad to see you finally join in on the conversation.  

@Beth Teutschmann1-4 family rental decision making is primarily based on cash flow and cash on cash return on investment.No one can tell you yay or nay without looking at those calculations.Brandon from BP shows how to do a very simple cash flow analysis in this video:https://www.youtube.com/watch?

The house could take about 90 days to be final (Anne Arundel County Court process in Maryland). 

Finally I know that there are some states that require you to go through a real estate agency for closings, whereas others will simply allow you to use a closing agency, saving you money on the process.