@Samuel Abebe, it's a creative strategy, but the question remains: how are you finding these deals, as noted in the forum title?

So definitely remain vigilant!

At that time, he would pay whatever the remaining balance was on the mortgage and would waive his right to inspection. 

Many of the derelict houses have been torn down, and a lot of the remaining vacant properties are being snapped up by investors. 

Properties that can be quickly renovated and put back on the market are likely to capture this existing demand.28305 though experiencing a slight decline in inventory, saw an increase in sales, particularly in larger homes, suggesting that despite lower availability, demand remains robust.Potential Saturation Challenges: Despite a surge in single-family home permits, areas like 28303 and 28304 may grapple with market saturation, necessitating strategic flipping approaches to navigate fluctuations in supply and demand.Recommendations:Emphasize nimble, smaller-scale flips in areas like 28303 and 28304 to mitigate risks associated with potential market saturation.Average Sale TimeZipApr 2023Apr 2024CHANGE2830156 Days30 Days-47.00%2830361 Days33 Days-45.80%2830450 Days17 Days-64.80%2830576 Days39 Days-48.30%2830672 Days30 Days-57.70%2831169 Days34 Days-49.90%28312124 Days51 Days-58.80%2831451 Days23 Days-55.00%28303: Focus on 2 to 3-bedroom houses, as these are currently experiencing robust growth in sales prices and demand.

So I paid 50 to top off mortgage and remaining 200 for hoa. 

DTI ratio remains the same. 

Florida already passed an anti-squatter law and the process is faster and simpler:Under HB 621, a property owner can request law enforcement to immediately remove a squatter from their property if the following conditions are met:The individual has unlawfully entered and remains on the property;The individual has been directed to leave the property by the owner but has not done so; andThe individual is not a current or former tenant in a legal dispute.

Mortgage remaining is around 85K and current value based on comps is right around 295k.

I know rental real estate investors have exemptions in this regard, so it still remains unclear to me.