What price range is a good starting point I don't want to start to low and be trapped for maintenance repairs and such but don't want to overwhelm myself with debt to begin?  

I don't know how a loan for 535k was originally pulled because the property is currently worth 380k. tops.Because the loan has gone unpaid for so long there is a an additional debt collector who we must go through.

@Joseph Aginswhat state, and have you looked into adverse possession.

However, this foreclosure debt was 'hidden' in trustee's trust away from heirs and was not listed.

I've had a few tenants over the years ask to break the lease for various reasons; however, they all agreed to my requirements that they show the unit to prospective tenants (so I didn't have to pay my contractor to do it), keep the units clean and tidy, and pay the rent until the day another tenant took possession.

I have about $20k in student loan debt and have been throwing around the idea of putting it on the market in the spring in order to give me a clean slate financially speaking.

(I would if they want that as part of their loan package, but I would do my own pro-forma and check the calculator, making adjustment to entries for their calculator to provide similar results, you should always put your own pencil to your financing requests. )Be conservative with income projections, debt coverage ratios are a minimum of 120/125% and may be higher by location, type of project, experience and asset coverage. 

EFFECTIVE GROSS INCOME: $89,330EXPENSES:Property Management: 7.5% = $6,700Insurance: $5,112Maintenance: 12% = $10,720 (I will likely modify this number after inspection one I have a better idea of the actual shape of the property)Taxes: $8,568Trash: $1,085Water/Sewer/Common Elect: $6,910TOTAL EXPENSES: $39,094NOI: $50,236Cap Rate: 8.37%Debt Service: $33,672 (5 yr arm - 25 year am, 5.0%)Net Cash Flow Before Taxes: $16,564Cash on Cash (Assuming 20% down): 13.8%ROE (NCF + Princip paydown): 22.1%DCR: 1.49Debt Yield: 10.5%Using 50% Rule: $83.28/unit/month

The best you can hope for is a tenant that will voluntarily agree to terminate and remove their possessions.  

I think it may be in your best interest to learn what they want: do they want their return based on debt, equity, mezzanine (the gap between loan and cost, but also a piece of equity possibly)?