I think the biggest impact and disruption will be for the wholesaling business.I was already hard for wholesalers to find deals.

He seems a little desperate and kinda bugging me with over friendliness which I imagine is because of his physical challenges, I'm guessing but he seems friendly and skilled enough and we'd be working together replacing doors and refinishing/painting that formica covered composite wood stuff the boxes are made of and replacing the (horizontal) particle board.

Also, I’ve heard being a land lord in Lexington is more challenging than other cities, such as Indy or Kansas City, MO.

Ultimate challenge being coming up with a large down payment.For this example, the owner owes 100k and the property is worth 425k.

Yep he lost but he is going to be a challenge.

Additionally, the validity of the tax suit (in @Gavin Snyder's case, Linebarger) can be challenged for a time frame of 2x the right of redemption. 

Or just ask them what the biggest increases to value would be on the property and how much each would add, whether they can be done individually (sometimes doing one thing on a list won't improve the value as much as the whole list).  

@Miguel Castillo Miguel going to challenge your KC food knowledge here... ask your network for the best vegan joint in town!

A fiduciary will still need to be appointed (and possibly challenged), heirs determined, and time for marshaling assets and dealing with creditor claims factored in.

if you have NEVER done a build job or spec i think that financing will be your biggest hurdle.also your cash position is quite weak.. sometimes vertical lender will over look experience if you pay cash for the dirt.but leverage and no experience leads to no deal.. this would be a decent deal for a local builder given carrying cost sales costs etc etc.. how much they would cut you in for finding it and providing a little bit of cash is up to negotiation of course.