If it's a full payoff of the debt, the borrower can request (But not get any certainty) a postponement of the sale but I wouldn't bet on that if the sale is within six days.

Do your research and bet on a pro for your deal.  

@Michael Bettencourt yes, I've had my taxes go down, but I would not bet on it to make an investment

In my area a C or D class house gets the exact same rent as a B class house for rent .. except the c class is literally half the price .

I would never try this with anything in the C or low B class or you know inner city section 8.. your house would get stripped.

Some deals you may make $3k, others there will be tons of margin and you can pocket $10k, it just depends on the deal.

Jason, I can't opine on the cap rate since real estate markets are local, but I'll tell you that investors would be jumping all over each other for that kind of (legitimate) cap rate in a DFW C or better class property.You should never rely on a seller's or broker's proforma P&L - make your own estimates, and come up w/ your own P & L and rehab estimates.

Unless you are a master at midwest C or D class self-managing,  this is too far to reach. 

Head to all the meetups you can get to, you're in Houston, gotta be tons there.If this doesn't work then just take some time and work on your credit score and save everything you can from your paychecks.

I'll preface by stating that the property for sale is actually two 4-plexes, next door to each other, being sold as a package.Some details about the property:Appears to be a Class C+ or B propertyEach unit has two bedrooms/two bathsCovered ParkingBuildings are being described as being well maintained with some updating as well.Some details about the financials:$360,000 for each building - ($720,000 total)Stated Gross Income ($63,442)Stated Net Income ($56,824)Rents ranging from $600 - $850 right nowAverage Rent per unit is around $660.