It is possible to over pay on the purchase and yet have a high ROI say... 20% with higher cashflow which would make it underpaid in a sense Ex: Home1 50K BELOW market cashflows $400/mo 12%ROI / Home2 100K OVER market cashflows $1000/mo 19%ROI......... just know that your probably not refinancing anytime soon and that equity is off the table for now. 

It may or may not be possible somewhere in America, but I've never heard of such.Again, I am not a lawyer and this is not professional legal advice. 

Two legitimate possibilities 1) Since the grass was overgrown, there are likely code enforcement liens,recorded or not recorded.  

I just wanted to make contact with you, and hope one day down the road we could possibly help each other out!

I specialize in wholesaling and would love to offer as much help to you as possible!

Would be a good idea to talk with a local bank and show them your package/numbers and get a verbal commitment (or in writing if possible) what terms they would offer you.

Looking to learn as much as possible from the Biggerpockets community! 

I was more so looking at a buy, rehab, and rent situation, with the possibility of flipping depending on the metrics on the buy.

You can PM me if you want to talk further about possibilities!

Hello,I am a newbie and this is my first Biggerpockets post, but I am excited about the possibilities of building a portfolio of passive rental income investments.