Another option that requires more legwork is to call the servicer/ producer of the inverter.

To be honest in today’s market I’m not seeing nearly the amount of wiggle room in renegotiating a price based on repairs.

Homewrite is seems like it could be a good option.

Give them a couple of options, they already know the unit got foreclosed, most people move to avoid the hassle. 

We are trying to think of all our options for a rehab loan.

So those are kind of my options- rent at a loss or sell for the balance.

Renovation loans can be a fantastic tool when you're ready to explore your options.

Even with that, I think we will still be way ahead. 2 bed, 1 bath, 1200sq/ft, detached 1 car garagePurchase Price: $38,000Repairs: $20,000ARV: $96,000 (based off Zillow, but a local real estate agent thought that was pretty accurate)Mortgage: $430Insurance: $55Trash Included: $25Rent: $1,000We are now going through applications for our first tenant. 

I have a 100 unit portfolio based in Louisville and Lexington KY mixed between SFH, and 4-8 unit apts.Biggest help for me was their ability to insure closer to the purchase price instead of replacement cost. the team is great and I’ve been happy with the claims process. 

@Max Bellino For smaller properties like your 2–4 unit multifamily buildings, an online cost segregation study is a quicker and more cost-effective option, providing sufficient accuracy for straightforward properties.