If the county is very old school, it's possible that recording the deed in person might be the only option anyway.

Take into account variables like affordability, property taxes, rental regulations, and vacancy rates while doing in-depth market research to find viable investment areas.

His mortgage with a 7% interest rate came out to be $2,200.

I've seen many poor investments made with single digit cap rates and even negative cash flows in hopes of getting great appreciation. 

Current cash flow is $557/MO - Cap Rate 6.9% and COC 18%.Does this sound like a great opportunity?

@Jeremy BourgeoisYou couldAlso refinance it from another lenderDon’t assume they will extend it as they could sell the note - or they also could increase the interest rate to whatever they want as they have you by the you know whatI would look to partner with someone on developing it

Novant Health, and the Public School Systems, following up on the largest employers in the City. 

well at this rate they will get this stuff cleaned up.. now is the time to purchase one of those for a deep discount :).. 

Knoxville has a big upside for sure so holding it, especially with that rate is quite enticing.

I'm not looking to refinance my NJ property because I have a great interest rate.