It is currently open to all bidders, the bidding period reads "extended", and it says FHA financing: uninsured.

I know that going forward into the next downturn, I will be picking up more properties from investors and it will make me feel slightly better if I know that I tried to warn people about getting over extended or making bad investment choices.   

@Josiah Swartz: I had an feeling that about the area, with it being my first, this is the reason I posted the question.Just want to extend my appreciation to everyone so far for the much needed advice. 

I had a pointed discussion with a lender a couple years ago who was exercising their 'right' to require extended flood coverage.  

This also extended the time it took me to finish the job.  

The current note holder doesn't want to extend their note.  

I think there are some building components that can extend within the setback but we don’t have much room to work with anyway. 

This means you have to extend and tilt your neck in order to see, hence my sore neck.Do me a favor: always wear a mask when you go under a house.

We knew the local market rent was in line with the BAH or OHA for that area, and we perceived that while there would be one base Commander, there was a wide tier of E-4 to E-5s, and to a lesser extend O-1 to O-3s. 

My question is, how do I make sure that I'm able to increase the rent if the tenants decide to stay, because the current owner will probably go ahead and extend their lease but I will not be the owner at the time.