- Regarding having the tenants sign new/updated leases = The existing leases remain in effect after the sale. 

Basically, its an auction type of sale, the winning bidder has to have funds right then in cashier checks.

The two gentlemen behind the sale of the 535,000 acre Waggoner Ranch in north west Texas (near Vernon) share part of their story at this podcast. https://www.recenter.tamu.edu/news/podcasts/?

Vacancy can be 0-25% depending on turn over and what month they move out.Maintenance depends a bit on age of home but I would use about 0.1% to 0.2% per monthCap Ex depends on traditional (.5% a month) or private money (1%)Sales Expenses:  6-8% for closing and realtor plus about 2-4% for holding costs

I believe that many local realtor association purchase and sale agreement forms include some seller financing terms in their financing sections.

An entity will need to be done pretty soon if you have anything to lose.Always remember to do the math analysis and try to look at the prospective property or at least have a clause in the sales contract that allows you some time (usually about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.  

Are you talking about tax sale or mortgage sale overages?

The lender may list it for sale as a foreclosure property in the future".Treat it the same way you would any other Offer: stick with numbers that work for YOU!

Including roof or exterior, since obviously the HOA is not in control and has no capital reserve.My question is, how is this going to affect the future sale of the townhome?  

Greetings all, I'm a technology sales and marketing manager that is looking at purchasing my first duplex or multifamily house.