Hi @Arthur Leao i do most of my business in florida so my info might not directly be the same to your area...most banks want to get AT LEAST 80-85% of there asking price so you want to give them about 75-80 and see if they'll accept or they might counter abit higher and you can work out something that works for the both of you some banks of course will want a higher percentage and some lower depending on inventory and other factors...All this ratio talk is based upon the asking price being right for the market of the property because you dont want to pay 80 percent of asking while having that value above the market value if you know what i mean....your trying to get it below market value to make a some money off it hope that helped abit and best of luck with this property man

How did it work out for you?

Does your calculations work out the same as well? 

That way mistakes are noticed before they get to far down the pike, or we can work with the vendor on a workaround.I always tell my wife, everyone has quirk when it comes to contractors and what they do, you just have to learn to work around it, or you will never find the right contractor.The only other thing that I have seen people make mistakes on, is they try to hire the cheapest guys around, which that guy can't budget a job to save his life, so they end up cutting corners or can't complete the work as expect, this can get compounded when people are not clear on their vision of what they want done and let the vendor ad lib what they think is wanted.Case in point; We had a vendor once bid 6.5k to rehab a 13,000sqf mansion, which clearly could never workout as you can't even paint it for that cheap.

I still need to work out strategies and network a little bit more.

If you must move then you should sell and work out a way to pay off the difference simply to get out from under.

I'm interested in a property in cincy but it has a substantial amount of back taxes , if I was to acquire this property is there away that I can work out a deal to keep the property to going to auction or also what would be the end result if I did take it and couldn't pay the taxes and it didn't work out , would they be able to garnish my wages from my full time job or anything like that?    

That changes is if you are going to stay in your house and work out of there.  

how would the transfer of names on the note workout in this situation?

If these don't work out then I may just keep it for myself.