Back in 2008, I had shiny object syndrome and bought a condo in downtown Chicago that definitely didn't meet this criteria even though it was a foreclosure.

HI Casey,I suppose it depends on:- knowledge in real estate investing- alternatives with other investments or areas where you can grow money in lieu of real estate- your objectives (cash flow, equity, tax, how much equity you need to reach critical mass, etc)It could be a great place to place your money in real estate if you know what you're doing or it could be disastrous.

Marie Poe would be right though that the probate court could not order a short sale over the objection of the mortgage holder. 

The 1st objective: Making sure you can pass the re-inspection.

If you file a objection it is your neighbour that has a problem.

Hi All,  I truly hate to be that guy looking for answers and not offering up much in return but this is a situation where I have to move quick and feel a bit ill prepared as this would be my first deal, so I could use some objective feedback:My immediate neighbors are moving and selling their single family home.  

My logic is that by owning a unit completely takes the risk out of having to have tenants 100% of the time (things do happen), although that is the primary objective.

Looking for BRRRR opportunities throughout the I-5 corridor with the objective to hold for the long term.

I do have professional management expenses as a result.Also I do allow for vacancy in my calculations, so that brings my NOI further down.However, depending on the real rent numbers, this property might just squeek by on the minimum DSCR required of 1.18.But setting my personal opinions aside, and depending on your investment objectives this property could very well be a good fit for you.And yes, I see possibilities to get some solid funding for it along the lines I mentioned above.Help us with some more detailed numbers, and we'll gladly give this a second look.Hope this helps a bit.

To all:Any lender can object to any line item.