Originally posted by @Harish Ananthapadmanabhan:@Jay Hinrichs Thank you for your feedback!

I am purchasing a house and it is going to be occupied by tenants that do not have a lease and are paying way below market rent.

Im not too sure what you mean by "rent roll would only be able to be at 65% ltv" can you elaborate on that?

Keep in mind, such an appraisal may not be able to be used by your lender, but perhaps you can request an appraiser with investment property experience (wherever they may be). 

Hey Max, Nice to meet you here.. do you have any top priorities when searching for a property to drive by?

It’s hard to really get good at it without doing a lot of deals because the licensing course doesn’t teach you much about actually being an agent, that comes from doing lots of deals and learning by doing it every day.

They also have a good understanding of different lenders' appetites, and thus can save time by filtering out lenders that won't be competitive. 

Originally posted by @Evan O'Brien:@Hoseah Njuguna thank you so much for the information.

The person in the response above who got crushed by a $5000 repair never did have $100-200/mo. cashflow.

Hi Jeffrey, In Florida, when a property is purchased at a foreclosure auction by a third-party bidder (not the bank), the purchaser is generally responsible for unpaid homeowners association (HOA) assessments that accrued prior to the acquisition of the property according to Florida Statutes.