But, there's no deal on here, based on rental income, it's negative cash flow with only minimal repairs, and the occasional vacancy, let alone major repairs/damage.

I only wonder if they would have a problem selling it to me as they view it as a "problem" property.

Then I signed up for e-file, I had to take a free course to be eligible for it, but now I only go to the court for the actual hearing - all else (complaint, request for writ of possession, wage garnishment request) is filed online.

The  HOA management company sent all the owners notice a 30 day notice of termination. )I only own my unit and serve on board.  

I'm wondering if our legally unrecognized status will be a factor, negative or potentially positive, as we look into financing our first rental property. 

I don't think it would make sense to leverage your home to raise capital if it means going into a negative cashflow situation. 

That monthly payment, is that P&I only or does that include taxes and insurance?  

I think my problem is I only know one way to rehab...like i was going to occupy the property.

@Richard C.I can appreciate your concern for the seller, but I don't appreciate your negativity... it's a better use of your time to motivate newer investors, versus providing destructive criticism.

So, from these numbers it’s clear that the PMI, low rents, and somewhat low (10%) down payment are reasons why the cashflow is currently negative.