Later found out that the operating cost was around the mid 50s --- the seller's agent simply got lazy and didn't update the data.

Let's make sure to stay in contact here on bigger pockets, I'd love to see any advancement on your guys part, as well as share any info we can for you in return. 

When a property sells at an hoa foreclosure, the underlying mortgage Stays with the property, and as always occurs, the lender then forecloses, or already had the foreclosure in process when the hoa foreclosed.  

@Bill Gulley @Joe Villeneuve @Ben Leybovich @Devan Mcclish This is in Florida, Here is the updated info of my post.

The Property:2 family property,  864 sqft both units, 1860 yr builtunit 1 is  3 bed 1 bath, and rents for $1275Unit 2 is 2 bed 1 bath and is not rentedCurrently one unit is rented out for $1275 but all utilities includedList Price is $119,000, been on the market for 162 daysI havent been to the property to see it in person but cosmetically the pictures look very good - one unit has some updates (new kitchen and appliances) and the other might need some touch ups but looks well maintained.  

Since I was in Texas and planned on staying there I found out that I was qualified to take a test and get a real estate broker license, so I took the test and got my license.  

School started this week so she is making the drive daily and would like a place locally to stay during the week... apparently not every night of the week but she doesn't want to have to drive home every night... 

Our agent should be contacting his list of guests that walked and other interested clients to obtain feedback from their walk as well as update them that the price has decreased.  

Most multi's are built between 1900-1920 and cost more the keep updated and rent ready.

@Michael Leung update: went to the door had a No Soliciting Sign on his door and next to it typed up "Whatever it is you're selling I'm F****** NOT INTERESTED"..... knocked anyway, no answer.