I know condos are not popular investments cause of the HOA fees but it might be help get you in something sooner rather than waisting money on rent. 

Federal Taxes, you or the company would have to pay tax based on Active income which is approx 40% depending on circumstances. 

Lots of popular deals require non-refundable earnest money in order to be considered. 

Also, each state as well as federal government have laws regulating  lending, etc. 

@Ramon Moreno I recently wrote a blog post about some of the popular auction sites that you may find helpful.http://www.biggerpockets.com/blogs/6630/blog_posts/44315-auctioncom-hubzu-and-homesearch--what-you-have-to-know

I'm looking for neighborhoods that are popular with young professionals near and in the city.

Things can go wrong in a sandwich.I recommend people in Florida get licensed and act as a principal and do lease-option assignments and get out of the deal.In other words, "you will be violating both state and federal law, so let's hope those whom you're competing against don't complain." 

The Federal Reserve is talking about raising rates.

Check the specific of federal laws on down to municipality.There are specific ways you can rent only to college students of a certain university.  

During  tax time for federal but some states will collect at sale time