You will make all the necessary repairs for your tenant to live safely and comfortably in the home.

"Permanent Removal of Lead-Based Paint Hazards or Lead AbatementIf the main purpose of the project is to make the house lead-safe, and not just as part of an overall renovation project, then you should use a licensed lead abatement firm.

While I think your suggestions are a solid plan for either a person with a substantial amount of cash (far more than $250k) or someone that is looking to generate a modest but safe return on their investment, there is no way the OP will be able to quit his day job (in the next 15 years) on 7% returns that your allocations suggest (maybe 9-10% depending on the specific real estate investments).

@Jeremy Kersten to be safe an Attorney would be the best way to go but I believe: if the property had a homestead exemption, the redemption period is 2 years as stated by @Todd Plambeck but if not, the redemption period is only 6months.

I feel safe saying everyone here feels for your situation!  

hi my name is Patricia I am a very positive and eagered to learn person that's trying to get into the real estate business and yes I am brand new yet ready to score for the wealthy investments of my family safe net so lets get rolling!

A neighbor may know of the local Church the family attended & maybe the Church would assume possession for safe keeping.We had an elderly tenant who apparently buried her small dog in the backyard.

It feels even better meeting more of the neighbors and hearing the gratitude for getting the sellers out and making their neighborhood a safe place again!

To answer them (better late than never and also for anyone else with similar questions), vacancy rate is low, as long as your rents are market and there’s nothing funky about the property I think you can safely use 5% in your analyses.Rent range really depends on area and number of bedrooms so you’d need to get more specific. 

Be safe!