I wish Gurus would stop mentioning them as they are usually a bad choice. 

GO CELEBRATE EMOTIONS WHEN YOU SCORE THE BIG PROFIT AT THE END OF SALE OR REFI AT THE BAR etc etc lol.The bank will go lower, they always will go lower.Banks are down right retarded about money when it comes to an REO - they make bad choices financially from our perspective looking in, but that is what creates opportunity for people like us.A good deal......... depends on the ARV and trends in that area (comps) I don't know any markets in Illinois but nationally in compact areas if you can still get it bought 25-30% below the comps then that seems to be good.

Also involved in a personal residence you would make different choices on how much to invest into things like fixtures, flooring, paint color/quality etc etc etc vs what you would choose for a rental which most often are less expensive materials and really not custom in any manner shape or form, so your "home" for a couple years might have all kinds of more expensive inputs and then end up as a rental unit later which may or may not be a good use of money after all.

Perhaps Florida could be a great choice to buy a vacation home and invest.

That is her choice.

Personal choice, I use JT in my family and we have other agreements/arrangements to govern. :)   

Here's a guru I'd rather not buy from, but sorta don't have much of a choice.  

That is a growing and booming area for sure, good choice. 

Sounds like a good strategic approach!

Their other choice really was to just not pay the taxes and let it go to tax sale if they were smart.