The best way to do this is to renovate a unit or two to the specifications to bring it up to market.  

Ask them if they'd mind sharing their experience with you.. if they'd recommend the area or not, and lastly if they could maybe send you a P/L sheet to see their income, expenses etc.You might run into some hosts that aren't responsive or any help, but it just takes a few people to share insight to get a good idea of the market you're dealing with.

@Jaedon StoutBRRRR Strategy - This works well when buying properties below market value and rehabbing them to increase equity.

@Lori Edelman if you want a better experience, in a better market (Detroit), DM us please.

New Orleans is my market too.

Set a goal for yourself based on your needs, your location and your market and shoot for that.

Most likely the new lender is going throught the foreclosure process and typically will end up taking the property back.The original posters chances of getting this property back now is slim to none as it will be sold at market value.  

@Philip AndersonWe release quarterly market updates on the rental market in Ventura. 

I have quite a bit of experience in the Detroit market and even have a few Section 8 tenants myself.

I am considering investing in the Ohio market.