You really want to focus on the mechanical systems (roof, heat, electric, water)Just ask your lender about prepayment penalties... some have them, some don't.

I'm sure Florida is fantastic, but I don't really like the heat. so I'm happy where I am.Welcome Bruno

Also, their heat and air guy gives them an opinion.

meaning there has been no heat in the winter?

For those of you in California, I'm sure I don't need to remind you about the awful heat wave we had just recently.

Unless this building is 5 years old, you'll be either fixing SOMETHING or calling a plumber or heating man for something I would think more often that $513 worth.

So that might be good for getting the funds together prior to the auction...But it could possibly be a big problem if in the heat of the auction I get a little crazy and over bid on the property.

It looks like all major rehab issues are ok; ac, water, heating, etc., but of course we will get a full inspetion.

With long cold winters in the last couple years the heating bill was $600+ for the months of Jan-April.

If you have a REALTOR you used to purchase-ask them for a handyman that would do repairs for you that is honest & good, and contract your own repairs out-also BY LAW-AND THE CONTRACT-they can only do repairs above the limitation if it is an emergency, such as to damage the property or if it is a necessity to the tenants-ie; water/plumbing, a/c & heating, things like that-Maintenance is not a neccesity-I would threaten to do a dateline investigation on them-I think all PM's deserve it-and that might work too!