However, we’re concerned about its current condition and whether we can sell it for a reasonable price.I’m looking for advice from experienced investors on the best course of action to minimize our losses.

This strategy has allowed me to save on closing costs, secure favorable financing terms, and refinance almost immediately, all while minimizing my down payment.

It’s often safer to stick with first lien positions initially to minimize risk.

Minimal updating work to be done.

Or you can also include the taxes in the overall rental rate and indicate in the agreement that the total includes applicable taxes.If you’re managing the property yourself, you'll need to collect these taxes from your tenants and remit them to the state and county.

You may have luck in the mountains, as you indicated but in my experience the prices up there are extremely high. 

the answer is because this is what professionals do and it's the price of admission to really establish your real estate business properly from the outset.Having a lien, loan, etc. on the property does not indicate personal liability exposure to real property because being the borrower on a loan does not equate to holding legal title on the underlying property. 

Without a crystal ball no one will know if that continues to be the case but it has a great track record and many indicators indicate it is likely to continue to produce good ROI. 

FHA financing will require a minimal of a 90 seasoning period before a new buyer can order a case number on the property to close. 

Thing is this, they want multiple data to follow their trajectory, they think one indicator like inflation data is not sufficient to make cut decision, they are then waiting for the employment to collapse to start printing again as they want to make the pain in economy as long as possible.