I am not sure I am speaking the same language when I refer to Rent To Own versues lease option.Can someone explain the difference to me? 

I cant speak on a national level but in Texas inventory is low and competition is tough.

and looking to speak with an Accountant :-) 

@Eladio PerezCan't necessarily speak for wholesalers, but we all use automation to get a bit more done.

In the mean time if the lawyer is willing to speak to you or now as a Homeowner if you have the time I'd go directly through the HOA and try and have a conversation to resolve the debt with a $0.25 on the $1.00.

We will probably live there for 5 -10 years or longer, who knows.When I speak to the lender, I don’t know how to ask for a $450,000 loan amount.

You should speak with lenders or a broker about this deal.

Definitely speak to your title company and check out the process, but knowing somebody that has used transactional funding, that's what had taken place.

New investor here looking to start speaking with some lenders about qualifying.Wondering if anyone here would be willing to offer up any recommendations for portfolio lenders around the Twin Cities in Minnesota?

Generally speaking New taxes = New Valuation / Old Valuation.