Personally I would stay away from this.  

If you are willing to do some work, you can force appreciation, capture some equity, which boosts rent-to-value.In terms of areas to avoid, I would stay away from the East side, particularly anything along Post road between Pendleton Pike and I-74. 

@Nick WimmelYou can get decent cash flow and demand for rentals is likely to stay strong in the area given the proximity to major job centers in Cincinnati and Dayton

subliminally" good word by the way.May I state for the record, I only work with with guys who are accredited or close to accredited, have substantial reserves, who have a steady income outside of real estate and who want to stay out of trouble.

How do I help them stay in the house, while getting the deed in my name?

All lenders have strengths and weaknesses, staying close to them is the only way to learn what each of those are.

It makes more sense for me to stay in southern fl monetarily but something in New Orleans would be fun if it made sense.

If I own a property with a 1k mortgage per month and it stays empty (or I'm trying to evict) for a couple of months then I'll be ok.

You just got to pull the trigger and learn as you go and adapt as issues come up.

Stay tuned!