@Elenis CamargoYes, our property managers will send our judgements to collectors but the chances of getting paid is very, very slim; especially in C class and forget about it in D class.

By going non-local, you will expose yourself to a larger pool of CPAs thereby increasing your chances of finding an expert that you like.

What's making other markets hot is the number of people leaving NYC and San Francisco for the more affordable markets, so those people leaving should be opening up some sort of inventory to give you, counter-intuitively enough, more of a chance to find deals there than anywhere else. 

@Joe SplitrockSo she was given a chance by current landlord to purchase property but she couldn’t get approved by lender even while having a co signer.

It will be our chance to test the waters. 

You have solid performing properties, MN market is on the continued rise and we are not touching the ceiling yet so why dump something that is a proven performer with equitable room to grow?

When we learned about the deal we knew the renovation would be light, and it would provide a chance to go through the process of flipping a house without doing a large renovation.

And if you study the facts, exclude opinion, theres a greater chance of losing properties to rent controls in the states than narco rebels in Quito, Ecuador.  

What are my chances and are their loans out there that would allow me to purchase my parent's house with very little down payment or even no down payment?

Reason being limited credit history so what are the chances of morgage loans and would it be easy to get pre approval for say around 50k ?