Hey @Martina Su, do a search as there are several threads with tons of info.The bottom line is that there are restrictions all over the place so you should get a good realtor locally who knows the areas and market to guide you.

When I try to analyze a deal, I feel like there are so many steps within each step that make it more difficult to actually figure out how to do it.

What made you interested in investing in this type of deal?

For us, we don’t do a deal where we don’t think we can walk away with at least a $50k profit after repairs,  it just isn’t worth the time and risk for us.  

I am in the midst of my third and fourth deal since starting last year.  

small dollar amount deals need higher fee's  this is quite common in low value real estate transactions. 

Working with a lender who does a lot of VA loans will also be useful in this situation as they can help guide you based on their past experiences with foreclosures in the area and appraiser's.

While this might seem like a setback, it offers savvy buyers a chance to find value and negotiate better deals.% of Original List Price Received: Sellers received 95% of their original list prices, down slightly from last year.

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

My clients love it here because you can still find positive cashflowing and 1% rule deals with tons of appreciation.