I checked with the owner about the pay off amount prior to auction date and he found it was 208k.

But I know what kind of relationship you need to get one of those and what kind of net worth and provable income.. and its not just fico score. but you can work into those.. prior to the melt down I few more in the 50 to 100k range with WM and BOA one got called I have the other but never use it.good luck with it..

I would then vet them by checking references and asking for proof of prior work.I would even indirectly test the contractor, learn enough about fixing a home to ask a question that you know the answer to and ask them the question and see how they respond.If you have absolutely zero resources, someone on a podcast mentioned to go to your local home depot or lowes when they open and talk to some people there.  

Screening the nit-picker prior to move-in is an art.  

While some call that risky, it appears you took the necessary cautious steps prior to jumping so I call that having guts and it is commendable.I’ve been investing for almost 20 years and to see someone go from zero to 60 mph in such a short span is always impressive.

I just feel there's a lot of owners like this out there that don't look into these risks or situations prior to giving over a home or renting it themselves and end up blaming whoever they hired assuming it was a risk free business.

In Florida you have to either send a Notice of Non-Renewal by Certified MAIL or Post the notice on the door at least 60 days prior to end of lease. 

These skills need to be mastered prior to investing in any deal that requires rehabbing, marketing, or managing.

I guess you're talking about prior to that, huh?

Purchasing a home FHA can put you on the road to having good credit because they basically require applicants to settle most debt prior to submission.hope this helps....