@Rudy Planter We came up with that date just to set an internal deadline/goal for ourselves and a realistic timeline for us to interview property managers, network with local businesses and research the area.

The only reason a lender would bid below the note is where the value is tight and they don't want to take the property back so, they will set their bid below the debt, slightly.

I see new construction everywhere, and vacancy is tight, so I would presume we are in "Phase 2 - Expansion" in Tampa. 

You will be protected with the HOA, but also saddled with the cost and in FL the HOA can be very tight about what they want.

Think numbers are too tight.

With COVID delays, I wouldn't want to be facing a 60-90 day deadline without firm city approval.Are you doing this without a broker or attorney?

Margins are pretty tight right now throughout the Triangle @Matt Zothner on SFR and small MF rentals.

Is so self managing will help you toward your goals and possibly make you a little money.If your numbers already don't consider paying a PM then it sounds very tight.

@Isaac Ruiz you have come to the tight place, BP has a lot of Active members here in the Chicagoland area.

If it's a financially tight deal or you don't have the money to properly support and maintain the property, especially if you don't have much "skin in the game", it's a riskier proposition for the lender.