That would not even be legal.Anyone telling you different or offering you anything that says it is leads of delinquent borrowers is either lying to you, lying to you and making stuff up or, lying to you and violating state and federal statutes. 

If your parents have a long-term mortgage on it already when offer to manage the property while they're in the Floridas for a split of profit?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Your realtor should have walked you through this prior to writing an offer for the property.

Greetings BP folks,My wife and I are negotiating a deal in our area for a home that has a tax lien from the city and county.We have been working with the seller for quite some time and were offered the opportunity to purchase the home at a great price, we also have agreed to pay off the tax lien in addition to the purchase price. 

Currently, I'm only offered 27 hours of work per week at an average/below-average pay rate, which isn't nearly enough to save for a down payment or qualify for a loan.I've tried selling belongings to generate extra income, but it's not sustainable in the long run.

We do offer bank statement HELOCs for business owners who don't show income on paper but can show revenue coming in(bank statements), doesn't sound like that applies here.Freddie Mac allows for assets to be counted as income, 70% of total divided by 240.

A lot of what goes into your offer will depend on what you want to do with the property. 

If my unit goes for a higher rent than what Section 8 would allow for this particular tenant, I would offer to let the tenant out of the lease.  

For those considering the Caribbean, the USVI offers the same fee simple ownership as the mainland, thus reducing risk.