That lays out the current status of the relationship between the seller and tenant including who owns appliances, etc etc etc.

Maybe never in CO but other areas have seen it happen.Personally I am always trying to tell others that they need to look carefully in any area no matter how attractive the deals are.I agree that you need to work with an agent who knows the lay of the land.

My main advice there is not to DIY things when that will set back your completion date too much -- with so much potential income waiting, those are expensive months!

I would think Stephanie would reach out to make things right, but I'm still waiting on that call.

@Stephen BranaganI would wait till you find some lenders in the market you are looking in then talk to a couple and get pre-approved.

You might be able to buy a tax deed from someone that has bought the lien at auction waited through the redemption period and received the tax deed.

Can't wait to see what I can learn here. 

I might be eating these words later, but as far as I can tell, at least here on the Oregon Coast and beyond the market crash everyone is waiting has not materialized. 

The longer you wait, the more chances there are for problems, which means dollars out of pocket, which means added cost to the REI, and even more of a delay to the profit point. 

I am waiting to see how bad it is and how good the tenant is to see if I am going to hold this house for a long term.