Drum) and I are running into is with our agent - he is very down on the Watertown area with rental laws, the tenant pool (aside from military) and a lot of the properties we have been looking at (condition wise). 

Thorough Research: Understand local market conditions.2.

It also might be wise to speak with your escrow company about how they intend to handle the LLC in its closed down condition with the state due to non-payment.Good Luck!

Trust me, some brand new contructions buildings are in way worse condition after 2 years than an unpermitted flip.

REOs always need wok, and many are overpriced for the condition and time being vacant.The low interest rates and the mortgage forbearance has reduced the volume of foreclosued properties, but as time goes on there should be more REOs hiting the market. 

However, there are 2 conditions I require- I'd be limited to a DSCR loan since I don't have credit history in the USA yet.- I don't need a 7/6.

My plan, depending on the condition of the property, will be either a conventional 5% down loan or a fix-and-flip loan.

I've been searching on Zillow to see what's out there and in what condition—targeting Class B in a decent area with a focus on cash flow.

To ensure its in the same condition as when you got it under contract. 

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.