Is ongoing management charges separated out from pre-ownership services - finding, renovating and furnishing? 

Pre-inspection, it appears to be a solid opportunity.

Even though interest rates and terms won't be as desirable as conventional, you'll have an easier time getting pre-approved.

website is www.federa.com   it looks like they sell foreclosed and pre-foreclosed properties? 

Quote from @Stephanie Cruz: You do not need to send them anything for a verbal pre-screening.

Don, one little tidbit,  when I was very active buying courthouse steps, and pre foreclosures I would find that borrowers would pay on the second but not the first ..

@Jeremy Hartwig  As part of your due diligence, you may want to consider doing a no-cost estimate/pre-analysis of the potential tax benefits available.

@Karan SinghTo build a solid real estate foundation, prioritize wise time management, early pre-approval, early credit building, real estate partnerships, income diversification, networking, and learning from books and podcasts.

Charged me $1700 for the pro group in sleezy way (never issued or emailed one single invoice or pre-notify that the next monthly charge of $99 would occur).

The I-card pre-dates the C of O in NYC.