You might not not want to risk having an illiquid investment in the red on your books.But either way, as @Russell Brazil and a few others have pointed out, crowd mentality is fear when there is blood in the streets and normal people cannot pull the trigger in a market flooded with vacant repos.

If you're plan is only to help others once in a while, you'll quickly start to realize that between membership dues (NAR, MLS and local Real Estate membership dues) not to mention monthly office desk fees (regardless of whether or not you work from home) and yearly fees associated with yearly 6 hours of required Continuing Education courses will keep you in the red and start to bleed you dry if you don't have enough business to cover these recurring costs.  

First, congratulations on taking such a bold first step: Door-knocking pre-foreclosures takes guts and persistence!

I am in no rush to make any bold moves or eager to get into something i can’t get out of.

This one immediately puts you in the red on the 1st unit.Are the property taxes accurate? 

Will doing this second deal raise any red flags for me or get me into trouble?

The more you can do to avoid any potential red flags, the better.Property Management OptionsBefore you dive into the rental market, you need a good strategy to manage your rental properties.

The two ungrounded hot conductors, red and black, and the grounded (white/neutral) carry the power to the meter.

I've done a few FHA 3 and 4 units in 2016 and 2017, but high demand has pushed prices up often above FHA limits, and certainly high enough that you'd be in the red if you only put 3.5% down.

If it were negative cash flow from the beginning, we have been advised to stay away.What I'm thinking on this deal is to "trade three greens for one red" if you know what I mean.