-declutter the self doubt and defeatist talk that is going on in your mind every hour of the day.This is going in and reading positive books, showing a positive outlook for situations that come along, and seeking positive people to be around.

The key is finding out why the taxes are not being paid.The bottom line is that it is a stronger position to have the owner of the lot be the same owner of the improvement.

As an owner occupant you may prefer to have fewer renters in the community (hence many of the restrictions) but if you find yourself in a position of wanting to rent it you'll think very differently.

I'm also looking to connect with anyone else who may have helpful information to share.Several years ago I purchased a multi-family property in MI (my home state), on a 203-k and it wasn't the most positive experience, but I learned a great deal in the process.

I currently hold a part-time supervisor position at UPS in their finance department on second shift.

I know that I'll be able to put down just 10% and avoid PMI, but are there any other considerations (positive and negative) that I should be aware of?

@Joe Gore I am in a position to close on it myself, I would just prefer to wholesale it.

There's too much positive news, positive mindedness in the seller to settle for just signing the deed over (any more).

It's great to see you're having a positive experience with your current property and are looking to add more.

Thanks @John Crandell I believe that is the beauty of this business of Real Estate, you can enter at any age and position yourself for wealth.