Now you need to figure out how to find deals and pay for them.

It likely will not go well because you are way too late on this.If you were a tenant paying rent would you want to just get a letter from the new owner telling you to get out with no prior conversation or warning?

Debt is tax free, sale proceeds are not.

Hi, I have some questions about how to calculate property tax?

I hear that the city or the state has some special taxes.   

remember: if the net amount that goes to your mortgage after you collect rent is equal to or less than what you'd pay renting - you're ahead. 

You don't want to be cash poor from paying to get into the property.

I'm more interested in this approach vs REITs/ syndicates, because I reckon with the right partnership, I stand to make far more by not paying such high fees on those traditionally passive options.

It should save you more than enough to pay for any renovation.

My tenant has not been paying rent for four months now and refuses to vacate.