If you're unwilling to charge a common fee, I wonder how you're going to handle a problematic tenant who is late on rent or responsible for paying the plumber to remove a kid's underwear from a clogged toilet.How will you conduct a credit/criminal screening without an electronic application?

If they fail to pay the taxes, plus fees and interest, within that time, then the property legally becomes yours.

It is NOT a 'pay your money, here's your course and see you later' situation.This is a group of likeminded individuals that are all working towards the same goal and are happy to help each other grow and make it too.

They are paying me rent directly.  

Time for plan B

Best pay compared to cost of living.

Yes, the government pays the Section 8 rent timely, but more and more tenants are having to pay a portion of their rent.

Yeah that sounds like a good plan!

in what I just laid out, you'd make monthly payments to the seller just like you would to a bank for 5 years, and then the remaining principal balance of the loan would be due, at which time presumably you would refinance the house into a commercial mortgage and use the proceeds to pay off the seller. 

While buying one that’s up and running might seem a good idea - paying for speed - if you’re not quite ready, sometimes the best deal you make is the one you don’t make at all.