I figured I have plenty of time to take on the extra work and It will also help me cash flow more and help me get to the next property.

Coming from the buy and hold side of investing, I'm very focused on cash flow, cash on cash, and then looking at the other ways that I value a deal (appreciation, principal paydown, etc.).  

I would recommend adding $25 to the cleaning fee and an extra $10 per night to cover the cost of providing a grill for guests.

I understand buying a property via tax sale or OTC tax deeds wipe out majority of liens if there are any against property.

Well, most of the time (maybe all of the time) you're buying HUD houses "as-is" and you're not really using the presumed condition of the plumbing as a bargaining chip.

I think insurance will want you to replace the electrical, and if you're in Florida, they make you change the hot water heaters if they're older than 15 years.You're buying on pro forma, but you're borrowing on actuals.

Often times, they are renting until the can buy something whereas B class tenants are often renters for life.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Does anyone have a template to use to create a P&S doc when you're buying a property subject to?

There is also no open house for this property, I would have to buy it sight unseen.