I would consider building your own Roth and work both accounts together and if you get to the point that you are replacing your W2 income you can live off the income it is easy to take the money out of the inherited IRA at your spend rate. there is also a way to take the money out of your Roth IRA prior to reaching 59.5 years old.

Spend it all on farming?

My partner and I have about $200-250 that we can spend per month in this area are would like to set up a campaign that will work long term.

--------------Rather than overbid well above the amount of the judgment that led to this foreclosure, the lawyers will just start the process over again and hope that the bidder will find another property to spend their money on in the interim and won't be in the auction room next month to try to get a cheap deal on a $730,000 house, allowing the bank to acquire Joseph and Tina's house for minimal additional cost to their exposure from both the mortgage and the home equity loan.

I am fairly new to real estate investing, I've read multiple books and will continue to learn from this site before making any rash decisions.I am hoping to learn from others on this site, and build a network of people to assist me with my business ventures, If there are people in either area who would like to connect please contact me.

At our heart, we're a tourist city which puts us at the mercy of the rest of the world's discretionary spending.

Sounds reasonable to me IF he is actually going to mentor you and be available and spend time pointing you in the right direction.

If I can be of any assistance to you as you establish your business, I'd be more than glad to help.

Looking into sites that can assist in mapping crime/education/etc. 

I put that money in my rental bank account and don't spend it this year.