A negative equity property can take a long time (like a year) to close on and you usually do not find out into just days before closing you may be told "no".

Typically it is the local building and zoning with a similar rule, repairs of more than 50% are not prohibited, But if the rebuild/renovation cost is more than 50% of the property value then the property must be brought to Current building codes, which may include the floor elevation being raised to current building requirements, which is usually not feasible, cost wise.

One of us, at least, doesn’t get the word “immediate”.Have tried addressing these with RoofStock, but the response are usually dodges - when asking about how to get the guaranteed rent program going, I get responses like “what is your property manager doing to get a tenant in?”

They then usually tell me about someone they know how is a residential real estate agent.

I would discourage you from buying condos as they’re typically really High in HOA fees which is completely outside your control (major negative) and usually not investor friendly.

We are planning to finance the deal so you can think of the bank as being another party in this transaction.My question for the community is the following:  How do you guys usually structure these kinds of deals?  

Its all  taught to you in the brokerage, usually working underneath other agents, or through the school of hard knocks where the broker tells you you messed up.2. 

A team usually still works under the brokerage.

I usually work with agents and have a feel of what the house is worth.

We asked about documents  and the REO manager stated that he usually gets the documents for us to sign just a few days before closing.