However, after becoming a more seasoned F/C investor your logic tells you that this was originated 38 years ago, probably 8 years longer than the longest term available for a conventional loan in 1975.So, the foreclosure did NOT affect the status of title as to a prior lien.

Question the numbers and the logic. 

Also, you'll find it easier to make the numbers logical on a house hack type deal that you owner occupy, since you'll get better loan terms.

@Aaron Klatt I 100 percent concur with that logic, however, I feel that maybe there is a chance that tax wise it would keep folks from claiming "expenses" at the tail end to dodge the tax man.

But when your option is between your capital going towards borrowing something vs. buying something that will be increasing in value down the road (hopefully), it seems more logical to go for the buy (in my opinion).In the scenario you outlined, I would do the math.

I can't find the logic that tossing $1000 a month to an apartment complex in rental is smart in any way. ...

I know it depends on the individual but I'm staunchly in the owner camp for the same reasons as @Bryan Otteson and @Theresa Worsham.I'm a non-confrontational person who hates conflict but, since my policies are fair and logical, I have no problem representing them as my own.

Simple, boring, logical and effective.

Math is just pure logic.  

@Mission FleggCore Logic ( First American Title )does custom tax defaulted lists for mailing in 3500 counties in the county.