Hey @Peter Bui - typically when utilizing seller financing the buyer (i.e. new owner) is responsible for the taxes and typically will save up the funds to pay the whole tax bill each year. 

So a small problem like a leaky sink which could of been fixed by a plumber easily now is a flooded kitchen before you get a call because the tenant was trying to save $100 and was ok with keeping a bucket or towel under the leak.

Saved me from placing terrible tenants.

My advice is to skip the OOS property investing and to instead save up the down necessary for an FHA purchase of a local detached duplex (house hack) that has a value add.  

I wanted to propose taking the property off their hands as follows: I'll bring the mortgage current, which will save their credit.

Now I’m so busy, and am even getting referrals from lenders and a retiring Broker.The time saving way is paying for leads on Zillow, Realtor dotcom, your own website, Facebook ads, etc.  

I'm also a first-time investor.After spending a few years saving and studying, I determined that investment properties were my best option for financial freedom.

I have an Investor Carrot Website and most of the folks in KC do to - MAREI has a discount link on their site if you want to get a few carrot websites and save money. 

Ive saved 10k for my first investment property and THINK I'm ready to pull the trigger.

House hacking may be your best bet to build equity, and maybe refi to pull funds or continue to save and put yourself in the best position a year or so from now to make the move to strictly investment props!!