Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down. 

My attorney stated not only must the person who failed to pay taxes be given notice but also the squatter as well since our suit names persons who were in possession of the house. 

You might not cash flow right away, but even just offsetting what you were paying in rent while building equity, getting tax benefits, and learning how to be a landlord is a game changer.

From our experience with clients, you’d typically expect to pay around $1,000–$1,500 for a single-property return, depending on your situation.If that $6K includes monthly bookkeeping and accounting, it could be reasonable; it could also be low, or high... it all really depends on the number of transactions, bank/credit card accounts, and the complexity of your finances.

Somebody somewhere had to pay for that real estate at some point and has continued to pay for it since.

Please don't believe the hype of these gurus and for the love of god do not pay for their courses.

Location and paying attention to Nathan's points above about the immediate area are more important.

Now, you need to figure out how to find deals and pay for them.

In a rapidly-rising interest rate environment (such as we've recently experienced) that tradeoff may or may not pay off.Unfortunately, in CRE finance there is no perfect financing vehicle and you can't eliminate risk--you must choose which risk you want.

But I would not consider what the seller needs to make in determining what I'm willing to pay for a property, especially when youre buying a problem like this.