I will have to have a property manager initially just due to my lack of experience and that I work out of the country for weeks at a time. 

If you can find someone who is in Pre-Foreclosure, but has not yet had the Notice of Sale served (usually a pretty large window of time) then there may be a chance for a workout strategy with their lender (like assuming the loan or a short sale) or some other strategy.One's a Notice of Sale has been issues the house is listed as Foreclosure instead of Pre-Foreclosure usually.You can absolutely buy foreclosures. 

How'd it work out for you?

They have attempted to work out an exit with the property manager, but are only being met with resistance. 

Most banks I’ve spoken too have required me to transfer the property out of the LLC and still require 6 months of seasoning.Delayed financing likely will not work out with this deal.Thanks for any advice

I have done some roofs  many years ago and I do recall it was a workout. 

Free contracts always work out great I'm sure.

Once you pencil everything out, remove the emotion, you should have a good idea if it will work out or not. 

I would just talk to them and see what you can work out.

Just concern because the property won't work out with $800 a month.