The only thing they have is a list of current properties which are on the upset bid period, and then just a billboard of documents scattered around showing properties which are in pre-foreclosures.

It amazes me nowadays how people will throw money into a market and not spend any time in it(pre purchase) then wonder why it didn't work out.we literally purchased our second stilt house by walking up our stairway and the owner (of our now second str there) was walking up there stairs and we struck up a conversation and purchased it off market.My advice, allocate some of your investment funds to knock on doors and hang in the area you buying- its priceless.

There’s nothing worse than a lender that over promises and then can’t deliver (sometimes they don’t even review your file before giving you the pre-approval letter and assuring you that all is well, charge you for the appraisal and let you go through inspection and pay for that out of pocket too, then their underwriters get involved and discover some reason they can’t process the loan leaving you high and dry).

At that point, most of your pre-rent expenses will become slowly deductible via depreciation.

You need to get pre-approved with a lender as well. 

In my area a few will pre-qualify you first so that when you have a deal they can just review it and decide to move forward or not really fast.  

Prepare for competitive offers by getting pre-approved, having a proof of funds letter, and being flexible.

Purchased pre-covid and majority of renovation was sweat equity. 

In fact, in my pre-licensing course in Mass, the instructor said that if we were ever in a setting with other agents, like a gathering at a bar, and someone said something like "you know, we should all agree to a minimum of Z%" that we were to loudly and publicly excuse ourselves.Business brokering is so much more fun - and we charge a lot more commission too!

At the end of the day, total finance charges (interest, origination and pre-payment penalties), leverage and cost of equity should be considered when deciding on the financing option that makes most sense.