Have you done a math analysis that shows the bottom line positive or negative if you had to make the rehab done. 

Of course, speaking with a tax and legal advisor about all things listed above would be to your benefit and may help you decide on things as well. 

Beware of Testers How you speak, words you use, how you choose an applicant will make you or break you.

Speaking of "Swanny", thanks for your response as well. 

The only negative I can think of is that the current Owner possibly may be deferring maintenance expenses or any repairs or replacements to make his/hers expenses look better along with the bottom line. 

The method wiill speak to what type of investor you are and we can better advise. 12 months ago when you paid this house off, why did you do it? 

Sucks to put that out there for everybody to judge, so I appreciate you doing that.Ignore the negativity in this thread. 

Sometimes if the Tax Claim Bureau is of a mind, they MAY negate the sale, give the bidder back their bid price and auction off the property later with proper notice. 

This property is so deep into negative cash flow that it is not a investment by any stretch of the imagination.

It is common for you to speak with one HML and find that they have different rules on it than another HMLThe gift limit you might be referring to is the cash gift limit?