Challenges?

Trouble is, people mistake for a transactional business.So the best way to take down a deal such as this is to build up your network and relationships before you score a deal bigger than you can handle.  

That'd be a rough job to handle for the long term.

Challenges?

If handled properly it is not illegal.

We don’t know what state you’re in, but that is the likely time period for someone to challenge the sale.

If you refi the remaining balance of 85% after 5 years you can handle about 2% higher interest with the same monthly payment.

It's not often that investors specifically target that area as it's incredibly challenging working with the tenant base, crime & the practically bankrupt city.......Is it purely a pricing play for you as you can get in there for next to free?

Challenges?

I challenge what @Craig Sloan stated in that the perfect time to start is once you have clarity on WHY you want to start, then you start.