@Erin Margaret- Good Eye Erin!

I got my eye on Texas and am curious to know what you guys think.

It is not uncommon for sellers to make the place looking appealing with stainless appliances and other eye catching amenities while the foundation and plumbing is a mess.  

I'd have to micro manage and keep an extremely close eye on any work that was being done.

If you have nothing to bring to the table, you're left with no option but to beg and grovel for help, and the only people you'll attract are bottom feeding slugs who want to use your doe-eyed admiration to make them feel better about themselves.SO... the first question you have to ask yourself is, What do you have to bring to the table?

for those of you rolling your eyes at me at home, I get it).  

Your sale price needs to be near market value, your financing doesn't add value to a property.Consider fixing and flipping if there is room, if not, all you are doing is taking the same problem your seller has, 2 years is a blink of the eye and you won't be getting 10 or 20% equity established without cash in. 

Thanks everybody for your your insight.We alreasy have our eyes on the next one, just no money, need to figure that out.

You sound like your eyes are wide open.If the back in nearby the house, your collection method could be a winner.

For much of this year, I've had my eye on picking up a property or two from an elderly woman who has several properties that have sat vacant for years.