And get a new CO (Certificate of Occupancy) Inspection with each tenant turnover.   

Ive done some research and reading on tax lien certificate and deed investing, and alot of the stats and books are typically pre 2010. 

However, I need to get a lead safe certification.

Also as a first time home buyer I am eligible for the Mortgage Credit Certificate which is a $2000 credit on my taxes.

@Benedict Feole- thats a large  HOA for a  120K place ...try  getting a  hold of the  resale  certificate  from agent or seller to  see if there is anything  unusual in project  ....ask  about pending  litigation ....ask about  pending assesments ....lenders/ appraisers are tighter now with FL  condos after  surfside mess  ....if this a " condotel "  some lenders  wont  finance it 

Seller offers a price reduction and will not deliver the property with a lead certificate.

They have free training and certification.

Nicole -We ask for updated certificates of Insurance on an annual basis.

Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule: HomeStyle program has a maximum 4 draw process.The initial draw can be up to 25% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information: Signed Draw Request by borrower and contractorSigned All Bills Paid Affidavit review and approve the draw request and will release funds for disbursementA check will be issued in the name of the borrower and contractor and delivered to borrower via USPSAn inspection of work to date will be performed at 50% completeFinal Draw Information: Signed Draw RequestFinal inspection/Completion Certificate will be required for release of final fundsA Title Update showing property free from lien or encumbranceGeneral Contractor’s Lien Waiver AffidavitAffidavit of Completion will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns: Changes to the initial plan are not permitted unless prior approval.

I recently completed the repairs needed to get a certificate of occupancy and it's now ready to rent.