Reductions in the price of long-standing homes may be an indication of motivated sellers, providing a chance for a negotiation, particularly if Zillow estimates are lower.

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It's NOT rocket science to figure this all out and the state even provides a website where you can estimate what your property taxes will be AFTER your purchase. 

@Corey DuranGood insurance will provide you with more protection. 

Here's how I would approach it:- Offer the Renewal to Both: Provide them with the option to renew the lease per Nathan's suggestion.

You can offer to lend the seller money to stop the foreclosures. 7 or do a lease with an option to buy - making up the back payments that would be considered you advance lease payment.Always look at the property if you have intentions of bidding at the auction (this can be tricky because you need to do that with the owner's permission - do try to build a rapport with seller  - also look at the foreclosure suit to find out what the bank is looking for and if there is a second mortgage or other liens.At the court house steps when the auction take place you need to be well prepared with your certified funds but more importantly you need to know the fast sale value of the property - you don't want to pay retail.Get to know your competition - there will be professionals at the foreclosure auction looking to capture some serious equity.

This all makes sense, but can you provide the source? 

Orlando is one of the most hot market in real estate, so finding the right property management company that handle your property in the most professional manner possible in all aspects is really challenging. you want a company that specializes at residential real estate either multi or single family and most likely serving the area that you are investing in. 

If you have more time than money, this is the free way to do it.If you value your time, then use one of the paid sites, like flsonline, foreclosures daily, or a host of other data providers. 

She has one source of income and it doesn't even come close to covering the monthly rent, let alone the utilities or anything else (which are provided by the tenant).