Loan, put 30% down.

I would use the new FHA loan and apply for that.

if you just pick something online and buy it - you will lose money.I like @Jake Andronico's post because he's recommending a higher cost, closer area. 

Speaking from experience you do not have enough Capital to do a successful BRRR unless you are using a construction loan.   

The property is in pinellas county (clearwater)   The folks above are correct that you can check out the county recorder's office / public records, which may entail having to go down there in person during gov't work hours.You can also ask your realtor or loan officer, who may be more available, and can send it to you via email. 

Hi @David Flores,I don't know the ins and outs of FHA bank mortgages as I have yet to use this type of loan. 

Also check with @Joseph Chiofalo for some further STR investor loan programs and he has a close tax rep we work with.

While there are returns and security in substantial positive cashflow, you also get returns through appreciation, tax deductions, and loan paydown.

I am trying to raise the 10% down and bring in a partner or GAP loan person.

Up until the trustee sale (foreclosure auction), the home is still owned and fully controlled by the home owner.I’m assuming you’re going to be looking at off-market properties (since loan status isn’t something they advertise on the MLS so you likely wouldn’t even know if it was in default if it’s a listed property).So, in that case, you’d just negotiate a purchase agreement with the home owner and then take the contract to your local escrow/title company to open escrow.