Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

You might find something that fits your needs.

Joined a local investment group and got tons of support How did you find this deal and how did you negotiate it?

So if he were to rent it out wouldn’t that show up on his taxes and say if the bank finds out and is okay with what would he do with it on the tax side of things would he report it as soon as it it’s in service or what would he do for tax purposes.

You won't find a deal where you live for free, but if you can live in a great neighborhood at a reduced cost of living that is a nearly risk free way to get started in real estate. 

I know, I know…it’s hard to find, but I’m looking to BRRRR in the area.

Yes, how would I find these type of properties?

Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.

And also, with so many 506(c) operators out there, google the name of the new deal and see if you are finding someone else marketing the same deal and ask why.At the end of the day, it can be hard to tell.  

Is it difficult to find reliable cleaners and handymen for the property?