Some will have been notified, but, if there is a mortgage on the property and they are not aware that you have been the winning bidder of a redeemable deed on the property and you come to them after 6 months to take ownership and they say they did not receive notice then you will have to start counting your time frame over again. 

I've been able to cover my mortgage+HOA, but my margins are pretty thin to none due to the unexpected project cost.

@Leland Smith It is nice to talk about comps but I strongly suggest you begin by looking at YouTube videos on the Uniform Mortgage Data Program.

How long must I rent my Chicago condo out before I can count the income toward another mortgage in Florida?  

What are the real tax benefits to the seller when transacting via purchase money mortgage...I can see if the property is not a primary being taxed at capital gains for the sale...but what happens when the seller files taxes at the end of the year...how do they report income from holding a mortgage?...

I'm just looking for suggestions as to getting a mortgage.

I must put 15% down which takes the loan to low to get a 30 year mortgage.

I'm a home owner, and pay my mortgage on the 1st of each month.

As an investor, using OPM(other people's money -- a mortgage), the purchase price and mortgage payments will dominate the cash-on-cash and cap-rate calculations.Yes, we would all like a Class A property for $1.95, but somewhere in reality is the balance for what can I get as rents and not have the expenses drive me to the poor house.Highly recommend the Calculators here on BP to evaluate the possible ROI using realistic numbers for each property.

My wife gave me a home with no mortgage in Dolton, IL. before we separated.