Homeowners think they house is worth 50KComps Sell at 65KHomeowners are divorcing and want to sell for cash buyersYou can offer 40-50K and Homeowners will acceptYou have bad credit but You find an loan for 50K with 8 percent (HardMoney) you may get approved for Repairs of home small $500 to make ready (you can paint walls and move in tomorrow Rent for $900-950HOA is $220 a monthTaxes not determined yet you guess themWhat do you offer?

@Taylor Reichert When you have more experience you will learn that problems are opportunities.Your prospective seller(s) have a problem in that they are unable to pass marketable title.If it were me, I'd determine if it was due to a prior break in chain of title, a current secured creditor or a competing claim for control by another a heir or beneficiary. 

This packet should have contained all the vital info. needed to determine the health of the HOA, as it should contain budgets, minutes, etc. 

Just determination, focus, and a lot of work.Also, and I don't toot my own horn very often, but I feel there are some REALLY good nuggets of info in this thread: I quit my CPA Job to Buy Large Apartment BuildingsFinally I had the privilege of doing a BP Podcast that will air on August 13, 2015 so keep an eye out for the link and I hope you will be able to listen in and learn a thing or too.

“Where the determination is, the way can be found.” - Riches Man in Babylon

I've been looking serously since June, even got as far as a contract on an REO untll the inspection revealed an additional $10K in repairs, for which the bank was not receptive in a lower price.Basically, my vetting of properties includes taking an avg comp at 65-70% of ARV, to determine if taking a look is even worth it.  

I am trying to determine the rent, not the value of the property. 

Figuring out what the highest and best use of the vacant site would be a good start in determining site value.

That might be easier than determining the exact right moment in a market cycle. 

On the other hand, it's easy enough to determine the name of the members of an LLC or corporation and do a search for those entities.