Right now it is occupied without leases and I wouldn't be able to walk through until in contract to determine needed repairs but it most likely looks like some landscaping.

What info/data is the borrower using to determine the lender's minimum bid?

Determine if there's a list of the most recent filings.

In order to help you determine what you need, I have a few questions for you real quick;1.

BiggerPockets just released it's investment tools, I would use those to determine whether a deal is worth the look.

As a person in similar shoes, it is invigorating to see you and so many others with the determination to make it happen.

You must first determine if the mortgage has a higher balance than what you are willing to pay for the property.

When they do an appraisal, they will determine the value after the work you want to do.

Flooring over 5 years. etc.Here is a chart of such items.Type of PropertyGeneral Depreciation SystemComputers and their peripheral equipment5 yearsOffice machinery, such as: Typewriters Calculators Copiers5 yearsAutomobiles5 yearsLight trucks5 yearsAppliances, such as: Stoves Refrigerators5 yearsCarpets5 yearsFurniture used in rental property5 yearsOffice furniture and equipment, such as: Desks Files7 yearsAny property that does not have a class life and that has not been designated by law as being in any other class7 yearsRoads15 yearsShrubbery15 yearsFences15 yearsResidential rental property (buildings or structures) and structural components such as furnaces, waterpipes, venting, etc.27.5 yearsAdditions and improvements, such as a new roofThe same recovery period as that of the property to which the addition or improvement is made, determined as if the property were placed in service at the same time as the addition or improvement.Property taxes go on Schedule A.

Your job is to find out why and determine what it costs to fix.