This is extremely common in areas of C D quality properties.. not necessarily the tenant that did it could be just your typical theft when a home goes vacant. this is why its critical to have a vacant home policy in force on your rentals..

I typically prefer to avoid condos since I can’t predict HOAs and you want to be informed on zoning restrictions in the areas. 

Commercial mortgages made to an LLC do not appear on your personal credit, and typically have lower rates to boot.

With [number of bedrooms] bedrooms and [number of bathrooms] bathrooms, this home offers ample space for you and your family.Property Overview:Location: [City, State]Monthly Rent: [Enter the desired monthly rent]Available From: [Enter the date when the property will be available for rent]Key Features:Bedrooms: [Enter the number of bedrooms]Bathrooms: [Enter the number of bathrooms]Square Footage: [Enter the total square footage of the property]Parking: [Enter the availability of parking spaces (e.g., garage, driveway, or street parking)]Laundry: [Enter the laundry facilities available (e.g., in-unit washer and dryer or shared laundry room)]Appliances: [Specify the appliances included (e.g., refrigerator, stove, dishwasher, microwave)]Utilities: [Indicate whether utilities are included or not]Pet-Friendly: [Specify whether pets are allowed or not]Outdoor Space: [Describe any outdoor amenities like a backyard, patio, or garden]Additional Features: [Mention any additional features like hardwood floors, fireplace, or walk-in closets]Property Highlights:Spacious and well-lit interior with [describe any notable architectural details or design elements]Open concept living and dining area, ideal for entertaining guestsFully equipped kitchen with modern appliances and ample cabinet spaceRelaxing master suite with a private bathroom and [mention any unique features][Add any other notable highlights or selling points of the property]Location and Neighborhood:Situated in the heart of [City, State], our home is conveniently located near [mention nearby amenities such as schools, parks, shopping centers, and public transportation options].

But, I'd guess it's typically way too much.

@Zeliang Zheng Detroit still offers great values!

(When I was in my 20's - I am now 77 years old, I did a ton of equity based foreclosures.) 6. offer to partner with the sale and liquidation of the property for a fee or equity position.Understand that as a foreclosure buyer - you need to first try to solve the owners problem  by giving suggestions to him - how can you help him, what suggestions can you give that will help him out.

So, you should reach out to some local land banks in your area (google search that term specifically) and see if any of them offer cash out loans on land. 

I get 0% promotional offers for 12 - 18 months consistently.

To win at pre-foreclosure you just need to offer more than they owe and the bank will be happy.