.), no management fees, no other fees and expenses.I assume it is separate heating systems or you would have figured out that one is huge already!

Assuming the enforcement process is as straightforward as moving the judgment, providing the required notices, then having the sherriff's seizure/auction, the primary risk is that there are no seizable assets.

I'm assuming you're outside my price range.

I assume this will be buy and hold?

I would be a first time home buyer assume a 5% down payment availability and that would be all the capital I have for now.

And it's priced right to make some money assuming rents cooperate.

I would find out if the loan HAS to be assumed OR if it's just an option??

Assuming it's upside down, it would be a normal short sale.

Estimated cash flow around $1000 per month after assuming 5% vacancy, 3% cap-ex, and 5% repairs.

This flip should cost approximately $50,000 in total, assuming we hold for 6 months, I will owe about $1,100 for the access to the cash ($50,000 x 4.75% x 6mos/12mos).