Purchase price: $11,250,000 At the beginning of April, LGV Capital provided financing for the acquisition of this property.

I dont have experience buying but have looked into it, from what I can tell, if you buy it at a tax auction, The owner has a certain amount of time to reclaim the property.

Lilburn is along the same lines as what I noted above, your acquisition budget needs to be at least around $300k (maybe high 200s) unless the property is distressed.

Or can it be created right before the property is sold? 

We also assist with tenant placement for insurance claims that we cannot fill in our own properties as well as beginning to cohost for some MTRs as well.

Has anyone ever used this type of product on an investment property?

Therefore, it can't add automatic late fees, send email reminders or track per property. 

You can do a quick search to bring up a few options that might fit with your property's location and your budget.

Often the best ones are the smaller community banks in your area, not the large coporate banks however they'll have options as well but its normally relationship based where you'll come in to the bank to meet them and they'll be looking over your financials, credit, investment experience, etc. however once you're in with one of them, it becomes much much easier to borrow with them in the future...

Quote from @Jerome Wiley: Can the landlord ask a perspective tenant how many adults will reside at the rental property?