Jay - obviously, slim to none chance of an heir to show up and claim remote land.

There you will deff be the owner of the property. 95% of liens get redeemed so your odds of hitting the jackpot on a lien are pretty slim.

It would have still worked as a flip, but the profit would have been slim.

Your milage may vary, but prices have gone up an incredible amount here in the past year, which makes pickings a lot more slim than they were a couple of years ago.

And, the IRS may not buy your claim as to buying an investment property for depreciation and expenses with a buy-sell.If you actually have the cash to bring the loan current, I don't see the bank barking about getting involved with their foreclosure process, but......that property is now on their radar screen and they won't be going with a Sub-To, slim chance IMO.

But yes, I agree profit margin a bit too slim.

Hi Mike,Personally, margins on that with the list price look too slim to me.

Would you suggest to slim my expenses down and pay off the debt as fast as i can first, and then start investing in real estate?

credit rescue and foreclosure rescue which I have done quite a bit in my years.. the chance of anyone buying it back are pretty slim.. so whatever you do get yourself in a position to own the home.Myself I made them deed the house to me straight away.. then Gave them the option to buy it back. that way when they fail and they will you own the house you move on

I made it through the slim tight times and it will be a nice retirement someday.