I do not have a lender right now, and I will need the 12-month rent history as well as various metrics on the property such as insurance quote (which needs property information in order to obtain), existing debt, and purchase price (which would be established while making offers).

I believe the Deed of Trust going to the Trustee Sale is in second position and was maxed out by the owner.The other layer of complication on this deal is that the owner is actually deceased and obtained the property originally from his father when his father passed away.

Florida is a state that does not fool around when it comes to foreclosures as if you do not have your i's dotted and T's crossed you can get burned bad.

Lately, I've been constantly engaged in phone calls for the past 6 days, trying to obtain the necessary information.

They’ll handle setting up your legal entity and obtaining your EIN (Employer Identification Number).

Quote from @Tom T.: Hi all,Here is the scenario.61 years old.

Put the capital in a low-risk instrument (CD, t-bill) that will preserve as much capital as possible even while making your mandatory (5%?)

I've collect their photo ID, contact information, and I've been asking all guest to obtain COI from all confirmed bookings prior to their arrival.

They told my attorney that they were trying to obtain “seed” capital (from me) to finance the lawsuit against their true targets.  

Buyers may be backing out for failure to obtain financing for the deal.