Watch out for things like that. 

My wife and I currently hold w-2 JOBS, I only work 36 hrs/wk Fri-Sun which provides me four days during the week to watch my daughter and learn about REI (bonus!).   

I am watching the forums for more experienced REIs than myself and have this is a keyword search to help me learn.

Another thing to watch out for, if one were to buy an HOA Lien with hopes of renting it to recoup their investment is that many HOA's don't allow renters for the 1st year of owning a property.  

However, you can watch a recording of it here: http://get.biggerpockets.com/bpwebinar :) 

;-)Thanks Paul for the information---I have already started watching some BP You Tube tutorials which are pretty fun.

Get a seasoned, experienced investor to work the deal and watch what they do, without interfering.

The neighbors are now watching the house and said they'll call her if anything strange is seen. 

But $225/mo is significant money for a year, and will pay for a lot of repairs and turnover.Personally, I value long term tenants, especially if they pay on time and watch over the property (keeping me informed of things I need to know, etc). 

For years I watched late night info commercials and went to free seminars, but stopped there.Flash forward, walked into tax office and clerks office and asked how it worked...they answered a few questions and told me to come back anytime.So, for the next year and every year beyond I have been at the tax lien and some certificate sales.