Since you've got the option forgo the tax and get that meaty multi elsewhere.

I recently moved back home to the Northern VA area after forgoing playing overseas for a SE role in FinTech.

Another vote for go to the bank and see how much you can borrow as your first step.

I charge $25 more a month for going into a lease but that is a one bedroom apartment.

My particular method unfortunately is grab a chair, photo copy everything, and spend a lot of time trying to decipher exactly what the "official" stats on a building are.Anyone have a time saving idea for going about this?  

@Kyle Kelley  What are you waiting for ? Go

The bank probably hasn't paid any taxes on the property.Don't forgo the basics of deal analysis just because the properties are "free". 

Meaning it's not an REO property, so I'm responsible for going through with the actual foreclosure process myself (actually my attorney) if I'm the winning bidder.I've got a title company lined up to do the title work beforehand on both properties, but my main concern is how long could the foreclosure process take, and how expensive will it be?

That means getting a mortgage originator to process the loan, draft terms and approve it, possibly close it and having the deal under the hand of an attorney.You may need to sweeten the deal with your buyer, pay costs, lower price, but they need to cooperate.If you can think of some song a dance to get them to leave happy, cash for keys and kill the deal, that would be a great way out for you.

I know yo know the song.. :)Happy Thanksgiving to all my American friends..