If you are doing due diligence as part of an acquisition, you cannot approach the trustee and they cannot provide any answers.

There is no documentation about the move-in condition of the unit so I will most likely have to give all of her security deposit back unless there is something significantly damaged that I can document as occuring post-acquisition.(3) I'm not keen on painting the apartment while occupied because if I am going to invest that cost, I will want paint prep done to improve the quality of that investment over time.  

If you need help with acquisition or rehab, feel free to reach out.

I'm in NJ and Sage Acquisitions just cleared all properties from HUD.

If I continue to pick up 3-4 properties like this per year, then I am 13-15 more acquisitions away from my longer term goal.

If you get a business coach and be a good student, like take notes and track marketing and sales presentations sold, then in 6 mo hire an acquisition manger to use your "manuals" to market for motivated sellers, you close them.Tenant buyers and owner financing market for and screen, use a WordPress landing page and use jotform.com to send you leadsWholesale buyers use BP and a WordPress site, get a form on your site from jotform.Get a sales license and get referrals from agents on "long days on the market listings"Read Michael Gerbers book "Emyth Revisited"And get to work!

Typically using all your own cash, at time of refinancing if your arv is 70-75% of your acquisition price plus rehab costs you would get all your initial investment back. 

So that will free up quite a bit of cash to where I can replenish savings to the point where I have a comfortable amount of emergency money so I can move on to my next acquisition.

At one capacity or another, I have been apart of the acquisition / disposition, analysis, and valuation of every type of commercial, industrial, and residential property - in excess of $3 billion. 

Your total loan amount will determine the actual percentage of acquisition + renovation costs.