This was only our second offer put in during our search, and it was an unexpected find on our part.

I would be very surprised if U bid at the sale and win and then the Sherrif or whoever is handling the sale then tells you OH by the way you have to pay all the back tax's before we can deed this to you.

@Jim Basar if you can challenge it try but don't be surprised if they don't budge even with good comps.

If there are damages left after move-out and this exceeds the amount you left to cover everything then don't be surprised if they take legal action.Best of luck!

There are also syndicators out there who you may be presently surprised if you invested with them.

Those that do not have the resources to weather the down cycle or "unexpected" expenses. 

Don't be surprised to find an existing under-water mortgage, delinquent property taxes, and who knows what other liens (financial obligations of the owner that are tied/securitized by the property).

Were there any unexpected costs?

It's not your responsibility to help them get back on track, and I'd be surprised if they do, especially considering the renovations will bring a higher rent.Easy for me to say, though.

I found this out on my house hack and it was a surprise to me and the lender alike!