Also, is there a clause I can add to the lease to protect us from potential bankruptcy?

That’s why lending is my biggest concern.

If your DTI is bad (like mine was for several years) then you’re stuck with DSCR loans with 20% down.

In Martin County Florida we are interested in a property that max plaintiff bid is $408k can you get it for lower than that?

It is a very safe play.

that is not what sub to is. 

Any advice is appreciated. 

Trustor will not permit any change in any license, restrictive covenant or easement without Lender's prior written consent.Now the practical answer is no one is coming to check on the property most likely, and unless you default no one will likely care.

A 0% APR credit card is a smart move for materials, but for labor costs, you might explore a private or hard money lender, especially since your loan term is only 3-4 months.

Hi Haley, You might want to try a non-qm lender that is okay with this condo ownership structure.