We are working with the closing's title company - they are reputable and we have an open line of communication with them, and the listing agent, seller's lawyer, and the reputable title company have told us it's clear there are no liens - to make sure we are sufficiently insured in the title insurance, to make sure the title policy has coverage without any of the liens exceptions listed on auction.com:"Most liens are removed after a foreclosure property sale, but certain liens may remain.Here are some examples:Any lien recorded on title prior in time to the foreclosing mortgage.First Mortgage (if the foreclosing mortgage is a second or third mortgage)HOA or COA assessment liens (in certain states)Mechanic’s Liens (in some states)Government liens such as state and federal tax liens, city or county liens, US Government liens.IRS liens (IRS may buy the property within 120 days after sale at the price paid at foreclosure sale)Code Enforcement Liens, Environmental Liens, and Utility LiensChild Support Liens"Is this the right approach for bank-owned?

Since I don't have prior knowledge of real estate. 

We typically will have them prescreened with @Paul Ritter and MyCreditTeam.com prior to accepting them. 

My goal is to buy and hold it for long haul, hopefully by starting with one rental property and expanding to two and so on.

While I am still learning, I plan on attending local REI meet ups in the South Florida region so I can get to know like minded individuals who share the same goals in real estate investing.  

The house had solid bones, but we negotiated on some of the negatives: it had been sitting on the market, it was dated inside, and it had a potential foundation issue (completely checked out prior to closing).

Hi all,My long-term goal is to purchase a rental property in Mexico, Dominican Republic, or somewhere similar.

It depends on her goals and facts and circumstances.

Now that I'm older and wiser; What is a realistic goal in terms of how many deals should i shoot for in one year?

They said it's old paper from prior owner.