Manage your property effectively, be especially careful in the area of safety, use common sense, and have a lot of liability insurance.

From what I've gathered, a common issue with probate information is that it doesn't make it online quickly enough, or that the information available online is limited.  

Value Add Plays seem to be the most common investment strategy for my buyers so that they can drive up rental rates. 

I unfortunately can't see what state you're from or else i would provide you with the state appropriate literature regarding COMMUNITY PROPERTY and COMMON LAW states. 

@Malome Taylor , @Brian Moore I'll talk about the financials once I sell it ;)@Brian Moore I don't know how much you know about foundation repair for house on slab in Texas, but it is fairly common.  

Most folks don't show up at the exact time and spend only a few minutes looking, so its not common to have more than one group at once. 

I'm in the city so I don't know too too much about them but my suggestion is if they are common in your area you probably want to learn about them and get comfortable with them.

I'd be interested in knowing how common / uncommon that is.  

There are some specific things you'll need to consider though by doing this type of transaction (Which is commonly referred to as "Sub 2" or "Subject to", meaning you're buying the home "subject to" the underlying lien staying in place).You need to properly disclose the due on sale clause, and what that could possibly mean for the selleryou need to wait 7 days before closing with your end buyer (Texas property code says that when selling a house with an underlying lien you must wait 7 days after giving your buyer an underlying lien disclosure before you can close.

That's just common sense.