Condos are generally not a  good idea because of the HOA fee.

I use Craigslist, Rentometer and Zillow to give me a good idea but I also know typical rents in neighborhoods that I focus in.2. 3 bed, 2 bath is always great.

Although this may not be the ideal property to purchase, that doesn't mean holding on to it is a horrible idea.

Any ideas on how to respond?  

I have a full time job so I don't need the money but have always been fascinated with the idea of flipping properties and renting them.

I want to get a good idea of their requirements and underwriting before my next good deal comes up. 

Thanks for the advice.Still didn't open yet a US account because I'm investing with a partner (also lives abroad), and after consulting with a lawyer and CPA it makes sense that my partner and I form an LLC for the property, which means the account I open won't be under my name personally (but we will open an account in the States).I'm not sure how much I like the idea of moving money through a British bank, doesn't it raise costs adding another mediator in the process?

I have no idea what the make/model is or where to find the VIN. 

Any ideas on some creative financing or creative choices i can offer to get the building before it goes on the market?

So I'm hoping all of you Pro's could maybe help me with some ideas to help him and possibly myself at the same time?