I would ONLY do this if I had the ability to pay in full if it was called.

If you sign contracts with no ability nor intention to close, this is called FRAUD BY INDUCEMENT.

If the last recorded deed holders are dead and the property has gone through probate usually there is an affidavit from the personal rep of the estate recorded at the registry confirming their ability to sell the real estate, or a new deed drafted transferring title to the appropriate person according to will or laws of intestacy. 

Maxing out credit cards (which I'm guessing you did) hurts your credit score which will hurt your ability to get a loan down the road.

Assuming the fees vary drastically.Sincerely Shurrone Jordan Something else to consider is that the HOA fee is an expense and lowers your NOI, and thus your property's value as determined by its ability to produce CADS income.David J Dachtera"Success is not a destination.

You don't have the intent and/or the ability to buy, you don't have a contract! 

Most of them had the ability and willingness to drop a million (or more) to finance their projects. 

@Christina TorresIt did not appear that the problem was the assessed value but rather the ability to qualify for the loan. 

Nor does needlessly bidding up your competition without the intent or ability to perform on a real estate contract. 

Take potential tenant-buyers to a RMLO to get pre-screened to establish their ability to get financing in a reasonable amount of timeAs far as seasoning goes, my lender requires 12 months of being on title before they'll cash out refi, whether its leveraged or not.