I'm looking to do a remodel in Stone Mountain, specifically a major kitchen update.

Kristina,  I develop these sites for the major carriers. 

Some states it is a combination of those factors.2) In the vast majority of tax lien states, you must foreclose in order to take the property.

The building needs pretty extensively overhauled but my partner is very handy and plans on doing major projects for the building.

So IF you know you can pull $1100 from this property and IF there are no other major issues you'd be cash flowing $300 per month (but that's a big IF)On wells and septic:Wells can be fine, just make sure to install a water softener.

At least that's the way it is with the major lenders we deal with i.e.

A minimum profit amount or....?

I realized that after going through several years of college that I don't want to be spending the majority of my life working for someone. 

If you dont own  a primary residence then just buy with the 3.5% down and live in it then sell when you can make enough profit to make yourself happy.

Or, perhaps you want to partner with someone, where they buy non-performing notes with your money, they do the leg work to get the note performing, or other exit strategies, and you share the profits.