Look everywhere and never stop, always tell people what you do.

Mortgage Officer/Real estate Attorney/CPA should be stops you make before developing your business plan.Good LuckGary

The only thing stopping them from doing this is soaking us up for more money and when the gig is over watch what happens.

Lets say you are borrowing at 8%If you have $100k of net profit in the building then your net cash flow would have to be $8,000 per year to be indifferent.

There's also lots of material here in various posts, though it may make more sense if you take the time to buy or borrow a book on "pre foreclosure investing" that presents everything in an organized manner.

If she doesn't agree with it, thats fine, but there is no reason why your wife has any say in your business activites if she is not part of the business.Cut her out and stop discussing it around the house.

If I buy this property, how will it affect my borrowing power for a future investment or personal home?

If you find good enough deals, you can borrow enough to buy the property and fix it up, then do a rate&term refi into a more reasonable loan.Jon

I'm hopeful that this will stop, but I'm not sure whether or not the post office is holding the remainder of the rejected postcards.

As Eric said, your next stop should be your local municipal court where you should pick up as much information as you can get on evictions.