If I represent buyers, I like to include my name and contact information along with a sentence that if anything changes after the signing but before the sale, the tenant is obligated to notify me in writing or it waives any of those changes.Buyers might have other tenant concerns that are specific to a property.

Feel free to reach out if you have more questions specific to Indy.Best regards,Keagan

@Henry Clark other than just a normal google search of "population of x" town, is there a specific site you use?

For example, are there specific documents or information I should prepare, or would identifying a target property first be more beneficial?

Happy to keep the conversation going if anyone wants to dive deeper into trends or specifics!

Feel free to message me if you have any specific questions as well.

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

But, you'll need to get with an REI-savvy bookkeeper/firm to help you set it up since it's not an REI-specific software.

The $80K from the HELOC used for personal debt won’t affect taxes but must be repaid upon sale if tied to the property.To minimize taxes, keep detailed records of your remodel expenses and selling costs to adjust your taxable gain.

If you want more detailed advice, I can provide it.You BEST option is to contact a bankruptcy attorney and find out your other options.