Just want to to get it right.When I locate a property of interest just listed as "NED RECORDED:" on a local government foreclosure list, what is my first best move?   

As I'm sure I may get bashed for saying this, my biggest headaches have been tenants employed by a sector of the government.  

The Government usually offers strategies that look like they help the taxpayer but often cost them more in the end. 

@Elizabeth ColegroveI think it can work for lower demographics as well, especially with guaranteed government rent.

In my opinion properties well suited for vacation rentals have:A great location for touristsNear outdoor / recreation destinations (beach's, ski resorts, etc.)Near nature (on a river, lake, ocean, etc.)Or perhaps a great location for business / corporate housing (Downtown, near major companies, etc.)Decent demand year-round (If it sits vacant 40 weeks out of the year you would be better off with a long-term tenant).Great amenities (WiFi, TV, Furnishings, Linens, Coffee, small appliances, etc.)Accept credit card paymentsPool / Hot Tub is a nice bonusOutdoor space at the property (Deck, balcony, patio, BBQ area, etc.)Pet friendly (not required, but will get you more interest)If your property seems to meet many of the above characteristics it is probably well-suited for a vacation rental.Some major differences you will need to figure out (compared to long-term)Who will do routine housekeepingHow will you get the guests moved in and out (lock box, in person, etc.)What laws govern your locationsWhat tax implications (bed tax, reporting, etc.) will you have to figure outHow much extra will you need to charge to make all the above worth it.

They also try to hide the information in a very obscure PDF file on the government website.http://cca.hawaii.gov/reb/files/2015/09/Salesperson-Flowchart_150911.pdf

Either of the following identity can be accepted: International Passport, Driver's License, Company ID or any Government issued valid ID.

Don't give your service way only the government can buy for retail price and sell at a loss.Jim

The loan they were using was a local government product we have in Illinois that provides additional benefits to qualified buyers.

Luckily soon after uncovering my problem, I seemingly found my solution, 203K loans (thanks federal government!).