Leases have to renew and owners have to be aware enough of what the true value of their rental is.

Kevin and the fund will buy the home and lease it to the buyer until their credit has been sufficiently repaired that they can then buy the house from the fund.This almost seems to fall into the too good to be true pile.How can we ensure that we are not getting involved in some scam that is just there to collects folks' $250 and financial information?

Thanks @David RuppSo true @Dan Kalis !

don't believe your credit score or cash on hand is critical - although HML will want to see that you have some skin in the game - Sorry but that's just not true. 

It's true you can pick something up for less in Little Haiti than Wynwood/Design District (where there is high demand).

That is the true question.

This confirms my thoughts....the online auctions are not true auctions, but a way to open a negotiation with the bank for an REO.I agree that it is inadvisable to overpay, so I told them that I had made my best offer.

You then have 180 days to close on the deal or pay the taxes.David,This is not true. 

We wish to be true to our numbers, but they definitely don't lie, and NYC is not a great cash-flow option.This is further bolstered by the fact that we are looking to move out of NYC in 3 years or so.

Sounds like a dream come true right??