Is your market still using mechanical lockboxes? 

Hi Guys question for thr pros on here,FL.HOA is foreclosing on a property with existing Reverse mortgage,The Reverse mortgage was issued 2007 for 300k, property valued at 450k, i know the mechanism of reverse mortgages is that the balance increases overtime..Assuming this is the case, there is probably no equity in the property,am I getting it right with this situation?

They don't want to waste time renovating cosmetics AND mechanicals in an already high balance market unless they can see that CASH soon.

I don't know where you live, but that is a great place to invest.What is your financing mechanism? 

I'm a newbie to real-estate investing, I graduated in December 2020 with my mechanical engineering degree.

Unlike Boston, which forced the platforms to drop any listing that was not registered with the city of Boston, the Cambridge regulations had no real enforcement mechanism.

Not perhaps the usual purpose for that, but it was a mechanism to allow me to withhold and pay taxes and UI (my wife is a Schedule C filer with one employee so I am very familiar with the tax withholding and remittance to the government processes).They averaged about 35 hours of work per week (some weeks more than 40 and got overtime, others less) while they were there. 

Other things could factor in such as if there is mechanical equipment in the crawl.

While the operating mechanics might be different, it would give you something similar to the nested LLC I was suggesting earlier. 

. $70-90/sq.ft if there are no mechanicals...what shape is the exterior in...roof?