If you notice everyone in your area is doing hardwood floors and granite countertops you may have a hard time getting market rent if you are using lower grade materials.

Maybe one option 0% down, but a higher interest rate for them and you pay them back with monthly installments, one option with 10% down with a slightly lower rate and pay them back in monthly installments, and one option with the highest rate but no monthly installments...meaning they would get their money in full when you sell.  

Sounds to me as if they will reject that bid on their own at 121,500 or else why would they bother to lower the list price? 

Lower entry cost, larger pool of buyers when it's time to sell & more stable tenant base.SFR Cons.

I guess it would be an assumable hopefully can refi lower than 4.25%.

Appraises at $190 today, let's say you get 2.5% the first year.Sell at $195,000 in 12 months7% transaction costs = (13,632)Gross Sale: $181,350Cash Flow :$1,320Loan: ($154,500ish)Net Revenue: ~$28,000May think about taking that win.  

The new owner's application with the mobile park office was denied after we made that transaction and she told me it was because she was new to the area and therefore unemployed at that time.

With a portfolio loan, you will be looking at probably a slightly lower "pain" level, but you will be getting much more restrictive terms. 

Where as many other midwest markets have low purchase price the rents are much lower. 

I have not done much research on the topic, because I prefer to have an immediate transaction as opposed to investing and having money tied up for a year.My question is, have any of you had a success story from tax sales?