Hello Dylan,Just FYI, I am new too, and in reading the posts and perusing bookstores, I discovered that you can go onto the Amazon site, and specify the title or author, and many times you will be given the chance to buy used copies of the books you want, rather than pay the new copy price.

Because they had refi'ed and HELOC'ed at every chance and spent the money.Jon

(This means that if they do find a buyer in the future, then you have a right to match the offer and buy the building.)Negatives for you:Price may be higher in the future.You may not be able to buy that building in the future.Positives for owners:The owners will have a building worth more because it is performing.The owners will be making money monthly, instead of losing it.Negatives for owners:They lose the chance to matket for owner users.They may not want to deal with negotiating and managing a lease.Option 2:See if the owners will finance some or all of the sale to you.Positives for you:You get the building now.Negatives for you:It will likely be more expensive than a bank loan.

Hopefully we'll have a better chance of obtaining the property before other investors get the opportunity to bid.

So I haven't had a chance to actually research everything there is about mortgages and costs associated with one.

or is there a chance for financing?

I did have one $30k profit day but it was a bit of an anomaly and chances are, realistically, it won't repeat itself.

Chances are it will go to foreclosure sale after the Seller has played by the banks rules.

If water is included in rent there is a chance that utility cost will rise at a pace faster than annual rent bumps.

However, when I mentioned my criteria she was very up front about it and also had done a lot of work (which she was able to produce evidence of) to repair her credit, make restructuring payments, and her previous landlords all said good things as well as super steady work history.On the flip side, one of the 4-unit buildings we purchased with in-place tenants had 3 of the 4 tenants who would have never had a remote chance of passing the screening.