This is my day one and plan to follow everything and learn from all the experts here.

Marshall,If you do plan on leasing to the new business (craft & tanning), you should check with your Insurance agent to see if that will still be eligible for your current coverage. 

We plan to do this full time and are committed to generating a real estate empire!

If you want to get a great agent, you want to be able to tell them that you are pre-approved (and for how much, for single- or multi-family), have confirmed hard money if you are going to flip, and how much savings you have.

Do you plan on going?

The whole situation seems strange since the owner let all three get this delinquent - and managed to place three non-paying tenants.If we're talking about the same one, it's price now is starting to get more attractive for a triplex in that area, even with the need to evict (of course that assumes the condition of the property itself isn't terrible).It will take time and money to get them out or get them to at least start paying again, but usually you get "deals" by agreeing to take on situations like this one.Personally, I'd advise a first time investor client against getting started with one like this and saving that for a few deals down the road.

Planned on probably going the Section-8 route

Too much at risk to save a few $$.

If your plan is to flip we help create a product that will sell quickly. 

It's a business so the rents will be the main income and subtract expenses including savings.