If I were to not refinance the house I am unsure if I could convince a lender to take a third lien position.

@Whitney McNair are you referring to websites that target motivated seller?

BiggerPockets says Bloomington, IN is a good market but when I use the Find Deals for Bloomington only 2 SFRs out of 34 show with positive cash flow. 

Quote from @Mohammad Murad: Should I take 30-year mortgage and stay in positive cash flow, or 15 15-year mortgage and stay cash flow neutral or slightly negative? 

I don’t have much practical experience yet, but I analyze properties every day and try to understand how the market works.I’m at a point where I want to start investing, but I have limited resources and many possible paths wholesaling, get a w2 job for a DSCR loans or fha, flips, etc.).I’d love to hear advice from experienced investors: if you were in my position at 19, what would you do to start building a real estate portfolio or gaining real experience?

Proper recordkeeping not only supports compliance with IRS requirements but also strengthens your position in the event of an audit.This is unfortunately incorrect. 

We use our housebuyers website to collect rental applications. 

Also lots of great info on the biggerpockets website.  

I see your number and website that I may call for advice.

They’re not in a financial position to keep the home and are worried about it going into foreclosure.I’m potentially interested in buying the property, but I want to approach the situation carefully and respectfully.What’s the proper process for buying a home in this kind of situation (no will, possible probate involved)?