Negotiations were very difficult mainly because I had won, or thought I won, the auction 3 times in a row.

She would be allowed to borrow the lesser of $50K or 50% of her account balance for up to 5 years. 

I think this is the most difficult number to master.View report*This link comes directly from our calculators, based on information input by the member who posted.

I have never owned or dealt with real estate during the 2008 crash.My question is: Will the lending institutions close their doors on all lending programs or most lending programs during such a time and make it difficult for me to re-position the property (even if the deal was looking great from a lending perspective)?

Depending on where the property is located this may be a difficult time of year to find 16 qualified tenants quickly.

@Caleb Jordan good thought - but I really don't have any cash to put into this deal, which is making this difficult.  

And I think getting a short sale will be difficult, as you have to show all of your assets and a lot of banks won't agree to a short sale, if you have cash and other assets.

Does anyone have any thoughts on if it would be difficult to rent and/or should I just walk away?

Most likely the total rehab will be more than the $91k.Go to some local REIA meetings and meetups and see if people are interested in JV on this deal.Look into the Small Balance loan for $1 - $5mm.

but it would be very difficult to imagine a county with a more screwed-up tax assessment system than mine.