The system has corrupted the legal process to the point that whether you are guilty or not your only option is to settle out of court.The resent situation with Disney in Florida is a perfect example of the distorted scenes of greed over powering logic.

It is a good reminder that I do not need the perfect property to do well and I would probably be better off getting started than waiting for fantastic deals.

However, the development of the balance of the land is an interesting add-on and potentially your value add here. 

I will start with the details regarding the property then where I'm at now Back in May of 15' i came across a property that was heading to sheriff sale due to foreclosure, i was planning on bidding cause this house is in the perfect location to me, close to work and my family and has plenty of land etc. which make it ideal for my needs.

I've read numerous blogs, listened to numerous podcasts and read the recommended books and I'll be perfectly honest...my brain is on information overload.

Also examples of landlords that didn't complete or serve the paperwork perfectly and then had to start all over again.

You want to perfect a sustainable business model before you leverage. 

I've been looking around and I found the PERFECT Opportunity for a first time investor.  

Based on Revenue Procedure 2008-16, we recommend that our clients hold the property for investment for at least 24 months or more, to demonstrate that they have the intent to hold for investment.Once you have held the property for investment for at least 24 months, you can sell it and qualify for a combined 121 Exclusion and 1031 Exchange strategy.You would sell the property, exclude the full $500,000 in capital gains (as a married couple) from your taxable income, and complete a 1031 Exchange on the balance of the transaction to defer the rest of your capital gain, including any depreciation recapture, into the purchase of another rental property.

I completely understand her frustration and to say I have been perfect would be far from the truth.