I bet they would love to sell their property quickly to get rid of the headache of being a landlord if they are dealing with evictions! 

You may be able to find a lender that offers 20% down but the rate will be higher and you likely won't be able to bet a fixed rate with a 30 year amortization. 

Because he's livin' in the house for free I bet Eric H.!  

Your best bet is the local REIA group mentioned above.Good luck in your investing career!

What a shame but at this point, the seller raising a stink with the board is the best bet if they want to sell their unit. 

I bet he knows it needs something big that he would legally have to disclose during a conventional mortgage, especially if its that cheap.But yes hard money lenders will let you buy it with their cash and then refinance to a more conventional product.

With some advertising I bet you could get more people in there.

No need to go all in with a shoot for the moon ROI bet at your age.  

If you plan on doing some work to increase the property's value, your best bet would be to buy with a 3.5% down FHA loan and refinance to a conventional in the future to drop the PMI (assuming you have the equity of course).

I don't know Tampa but I bet within 90 minutes there are properties that would make good rentals.