It’s the worse looking building on the block.

I  have the amount of the entire mortgage I plan to take out invested in relatively safe mutual funds which are easily accessed and liquefied if needed.  

Some companies will not charge any lease up or a 1/2 month lease up, but they don't use leasing agents rather they give tenants free access to the house, which I would think there are some major risk involved with that depending on the area.

You should get on some wholesale lists to get access to properties.

It's a 1961 concrete block house.  

Marc I agree,I honestly think I may just board it up pretty well and not give the tenants access to the attic.

Collins and Colorado Springs into a solid block is there.

My second question is, 2) would it be possible for me to try to approach the bank before foreclosure if he is not giving me access to the bank (I do know which bank he is working with)?

If the above answer is to use it investing in real estate, what is the best way to go about accessing this money for investing purposes?

I actually am about to close on my very own duplex that I got for a great deal just a few blocks away from my Brother's duplex in a week or so!!