Note, you don't "Take over" the mortgage typically, you just pay as the successor once you legitimately establish yourself as the successor (Will, Trust, Court Order).

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I will certainly try to find something locally before looking out of state.Thank you for offering your assistance.

If you own at Shores of Panama in Panama City Beach, I'd like to ask a few questions about HOA management and revenue in a typical season. 

My wife and I had a “corporate meeting” and we made them and offer and ended up purchasing the property for $1K over our offer price at auction.

DaveI do not have any instruction to offer.

Buyers expect Sellers to cower in the corner at their amazing low offers as if they are doing the seller a favor.  

Should we offer preference and less equity?

At $1.86 million, 22757 Charlemont Pl sold at a premium to this typical value.

Servicers don't typically just stop impounding for taxes and insurance, if they have impounded in the past.