I lease optioned it for a $3,000 non refundable lease option fee and $60,000 purchase price.

@Robert Carraway  my niche has always been performing.. others do the heavy lifting and go for the Non performers.. me I am lazy :)  but we don't make Quite as much and frankly the folks we work with if you even mentioned non performing in any manner would run for the hills they want solid performers with good payors..

This is all being done by a non-profit.

But a new tenant will expect non-trashed floors, so you'll be replacing those out of pocket.

If they didn't qualify, it was non-refundable.

As far as LTV and all that stuff I would rather not post publicly but if you want to send me a PM I would gladly answer any questions.

I haven't found anything in a C neighborhood under 100 let alone a B neighborhood that hasn't been multi offer over asking in Dallas proper.Most C neighborhoods are sitting around 125-175, and very few non war zone houses are going under 200K in Dallas.Is it possible to find a needle in a haystack? 

Deeds of trust are public record you don't need original note you can do a lost note affidavit and that usually works..

There are regularly proposals almost non-stop to impose new STR rules. 

When we moved we refinanced to a 30 year. 4.75, non primary residence loan.