Believe it or not, some homeowners have asked about my immigration status and if I am green card holder or a US citizen!!!

@Jessey Kwong Keep in mind that as a non U.S. citizen that you will not be able to get conventional financing.

They have such things already for seniors notifying relatives, if for instance, if the electric bill isn't paid.For $150/year, I'm more than happy to buy it for the tenant.

If you’re earning income then I imagine you are filing your taxes here in the US that is if you are a citizen or resident living abroad.

My opinion.. try out something local and if you can't afford it, then you probably should probably skip the $6 Starbucks coffees for a while, steal McDonald coupons from senior centers, sell your new car, and ride the bus.Not always the case.

If the assessed value is lower than market value, it could be because the current owner is entitled to tax exemptions (homestead exemption, veteran's exemption, and senior citizen's exemption are a few examples), and these are sometimes also tied to limits on annual assessment increases.

No 2016 Tax return because I was a senior in college.

I am in South Florida; in our tri county area- Palm Beach, Broward & Miami Dade counties, we have one of the highest percentage of senior residents in the country.

The exception would be if your serving a market that caters to a student target demographic, such as near a college or senior housing target market.

If the bank is willing to sell you a note for $7M below total debt, I'd wager there is either a senior lien in front of them, a big tax liability or other deficiency in the property/loan to warrant them selling it to some sucker.