Hey @John Semioli, DSCR may be worth looking into as long as you have accurate and up-to-date bookkeeping records.

Hi Guys,in FL,HOA is foreclosing on a house in a week - Lien of 25k.the property also has a 1st position loan (Reverse mortgage)  that also just started proceedings with no set date or "Final Judgement" numbers yet.On the details of the 1st reverse mortgage foreclosure, its only mentioned that there is 320k principal balance due.The original note of the 1st was issued 2009, with a total sum of 650k, payble up to 2081 (!!).

Lastly, for anyone using a CRM, are you able to keep your property data up to date automatically when the home’s status changes (like if it sells or is no longer distressed)?

@Kelsey Vander Meulen As a Property Manager in AZ, I would deliver a 30-day Notice of Non-Renewal via Certified Mail at least seven days before the renewal date (when the rent is due).

I executed a contract with a seller on Sep 28 with a closing date of Oct 17.

@Sean Hoglund  Assuming the prior years tax value is lower than your purchase price as in your example, you want to file your ATI Exemption before Jan 31st following your closing date at your county's Assessors office. 

I went through a refi last year with a traditional mortgage bank. had the same scenario, first appraisal came back super low, we argued the valuation and ultimately got nowhere. we decided to start over with a different lender, and got a 2nd appraisal exactly 16 days after the first one was dated, and the valuation was almost $80k more. sometimes starting over is all you can do. 

He owns another nearby property that is up to date on taxes and well maintained.This particular property, however, is in a dilapidated state and has a city order for demolition.

I've had properties listed for more than what section 8 wanted to pay, we had to provide comps that their estimate was wrong / out of date for similar apartments. 

Its like dating, do not expect to close the deal on the first call, it takes 60-90 from that initial call to get someone to commit.2.