If so then I could try and buy lot 16 for $500 and then get the house under contract hopefully at a deeper discount and I would have lots 13-16.If someone else were to buy the house with the title issue and I owned lot 16, I could sell them lot 16 for $2,000 so that they could have clear title.

cannot automatically be used to turn down a minority applicant.Seems like we now need to dig a little deeper - 'How long ago was the felony?'

Thanks Nathan,  I greatly appreciate the detailed response, I will be digging deeper into this deal.  

PS don't fall in love with the house emotionally.

I ended up buying the first one, a lady bought the 2nd one aprox. 6 months later and the 3rd never seemed to hit the market so I dug a little deeper.

So far i don't have any technical issue, mostly just emotional.

I've not heard or seen that podcast, there are some sharp folks who may do a podcast or put information out that aren't fully informed, grazing over some finance topic may give implications that may not be completely true, finance is like that, it goes much deeper than what is generally described, even in official documents as they use terms such as "owner occupied" without going into detail.

Rules to follow in real estate investingif the numbers don't work don't do it don't get emotionally involved with sellers, you have to be an a****** about it, but you do need to be realistic about what's possible for you to help them, look at joint venturing with the seller to fix up properties and get some kind of profit by helping them

Thanks for the deeper explanation Melissa!  

Would  These homes that come off the market be worth it to look deeper into it and drive by and potentially just deal with the owners.