pretty simple this is a default  start the foreclosure process and cash for keys or Deed in lui is usually the best and fastest way out of it..

This would be an added bonus as I am more interested in the cash flow from rent.The current deal I am looking atBuilding type: 2-flat with finished basement and 2 car garage (garage is 6 years old).Neighborhood: North LawndaleListing Price: $150K with 2 car garage.Taxes: $3600 per year est.Building condition: turn key.

There are a lot of people spreading bad advice so it's always wise to use other sources (e.g. books, attorneys, etc.) to verify information.Watch the webinars, read the blogs, ask the questions, and then dive in!

I will confirm with my source and get back to you. 

The goal writing is key and a great start.

Looks like a decent deal - have you already identified your source for 4% 30 year money?

What are some key factors to execute to make sure that everything runs smoothly 

Appreciation on my home has left me with about  $300k in untapped equity I could access.Are turn key midwesten  single family homes my best option?

Separately, I've noticed that you could build (nearly) turn-key log cabin home kits to put on these plots of lands in the 1000-1250 sq ft range for  ~100K (I say nearly as I'd be doing the roofing, some electrical/some plumbing/minor details-- I have experience with these).

Usually you get stuck paying cash for keys.