A neighbor of mine who was in foreclosure recently was able to refinance using a gov program. 

It is worth $220 and provides $400 per month cash flow income after mortgage,  expenses, etc.We are also preparing to pay for college costs starting in 2020. 

Not getting my hopes up about learning anything ...and fully prepared to have lots of people trying to sell me different flavors of snake oil.   

Another option might be Vacants to Value program from the city. 

Be prepared to wait several years before exiting the deal.2) Check the zoning and deed restrictions on both lots. 

I hear him answer it all the time, "Well our rent to own program requires a more substantial down payment then section 8 usually provides. 

It doesn't require an attorney, just an attentive title company escrow officer who prepares the documents and handles the funds necessary to complete the transaction. 

I'm not saying walk away but make sure you do the numbers extremely well then do them 3 more times and always be prepared to walk away.

The low money down and the ability to utilize a 203 B or K, that program is pretty nice. 

One month being accounted for in your 8% and one month for release fee.. and then figure 750 to 1500 at the same time for a turn over.. these units given the tenant base will take on a lot of more wear and tear .. so be prepared for that.. 100 a month can get lost pretty quickly.. what is the upside..