A little bit about me:- located in Fort Worth, TX- lead worship at The Paradox Church in downtown Fort Worth.- I'm 25- I am the frontman for an indie/pop/rock band, called McAllister.- I am currently taking courses to get my real estate license- I am interested in all types of real estate investing (wholesale, buy & flip, buy & hold), but my long term goal is to build a portfolio of buy & hold properties.I would really like to connect with any & all of you that are located in DFW!

My husband and I currently have 1 rental unit, a townhome which cashflows a bit over $500 a month in the Portland OR area, I have had this unit about 4 years now, so I got it for a great price at a good interest rate.I also have my own home, and both of these properties have a lot of equity in them, I have about $260K worth of equity altogether that I could get on an HELOC if I wanted to (this is the 80% LTV less current mortgages, actual equity is more). 

This house will fetch 160k easily with about 20k worth of work.

Then compare the results from each against your local knowledge and against the county assessor/recorder records.

Just curious if anyone has every had experience with raw land that shows up on the tax records as the owner being "unknown"?

And if these property looks like it's going to be able to get you the return you want, then I'd say it's worth it.

If it helps she owes about $100,000 and the house is worth somewhere between 200-225k.

Rarely is that rate bump worth that LTV bump IMO. 60% LTV is actually the Fannie sweet spot, if stopping there will not get in the way of accomplishing your goals.

They may be responsible renters that pay their rent on time and do not request a bunch of repairs might be worth keeping. 

Thanks @Brandon Sturgill, I'm considering an investment in NJ or PA, just not sure if the prices in the market are right, don't want to buy something that would be worth less in a year if the market goes down significantly, especially for a first investment, and to be stuck with it for several years till prices are back where they have been.