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. 

We don't have enough experience to handle full process on our own, so we are looking for competent partner who can help us out on this one.

These are higher risk transactions for all parties involved and should only be used in certain scenarios and disclosures, contracts, etc need to be handled in a particular manner. 

I handled all of the paperwork for the sellers and did not take a commission.

Challenges?

Challenges?