You may even end up bidding on a second mortgage, so make sure you do some title research before you buy. 

I am assuming that tax certificates do not have to paid in a sale, correct?

@Amy Hu if I understand correctly, the apartment buildings are taking 10 months so far for completion?

I would imagine any delay/extension was reviewed and approved by all parties, correct?

You just have to know what to look for, and how to run your vacation rental correctly.

So we will be utilizing subcontractors, and I wanted to find out how from successful flippers how you coordinate receiving bids on the cost of repairs before submitting a purchase price offer on a home?

However I want to verify that is correct. 

If the Master policy is insured correctly then this should satisfy your lender, however, if the association has chosen to cut corners and is not fullying ensuring the property/building then your lender might require you to purchase flood insurance to balance the requirements of the loan.

The truth is, you can list this with a $50k price drop and then have a flood of buyers (assuming the buyers pool is sufficient in that area) bidding it up to where it should sell at.

@Harjeet Bhatti Thank you for your comment. so as a lender, you would approve, and begin underwriting a loan for a perspective buyer on a property still within the 90 days of purchase by the seller, so long as the closing date is beyond the 90 day window... is that correct?