You must talk to some hard money lenders (which can range from a private individual with cash to lend, to a quasi-mortgage broker who does HML and bridge loans - the former often being the easiest/quickest/simplest to the work with, the latter often being more like applying for a conventional mortgage), because you have to know the following about your financing options/costs in order to evaluate potential deals:LTV/down payment requirements, and whether they cover just purchase, or both purchase and rehab costs.

Since I would like to migrate to the Seattle Washington area next, that is probably the location I will be looking at doing this.However, I know there must be deals in this area which have not suffered from the massive inflation which the city has which might still give me the opportunity to do what I would like to.

I can maybe cover 20% down but I'm hessitent cuz I'd be pretty broke I'm thinking maybe I should keep saving before I buy my first property.There's a 3 unit the bottom is a grocery store it's been occupied 10 years. $900 per month current rent Upstairs there are 2x 2 bedroom apts. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.

I can maybe cover 20% down but I'm hessitent cuz I'd be pretty broke I'm thinking maybe I should keep saving before I buy my first property.There's a 3 unit the bottom is a grocery store it's been occupied 10 years. $900 per month current rent Upstairs there are 2x 2 bedroom apts. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.

@Marie Withelidua I would sell if you have enough equity to cover the commission.

My initial analysis is whether the rental income will he enough to cover the potential expenses.

I am thinking a monthly 8% reserve will start to build and cover these gradual replacements.

Cover your butt and keep moving forward.

Gurus who teach pre-foreclosure investing often fail to mention "where" to get the money to cover back payments if one does not have the money out of pocket to cover the debts.

In your mind she may have suffered in her frugality, but likely she was very happy and had everything she needed.