Chris:Based upon your post above, I personally would pass on this "opportunity".The owner already has {potentially} $36,000.00 worth of other leans on the house - not counting the tax arrears.  

And if your agent misses the call or doesn’t return the call (likely)then you miss a showing and potential buyer.

Based on discussion with a potential property manager, we could cash flow $300-$400/month per unit on a 30 yr fixed or break even on a 15 yr note.

However, I am considering working with local realtors to identify  properties with potential at good value and hire my own General Contractor to get it fixed (the BRRRR business model) 

My girlfriend and I visited Kansas City last month and have been on the hunt for potential properties in the area.

I was just curious to see if anyone has used it before a flip or refinance to help gauge what they can potentially sell it for.

The best option I could think of for her would be a 203K FHA loan, but I'm worried that the combined costs of the principal, interest, taxes, property insurance, mortgage insurance, plus the repair costs and even potential HOA/Condo fees would be a lot more than she could handle.

I don't technically qualify for FHA or conventional loans, so I'm hoping to explore potential other options for financing, perhaps portfolio lenders at smaller banks, perhaps a partner that would like to team up on a property? 

The pro's of conventional 1 year tax return programs is that typically you can price your loan with no points and potentially with a lender credit to cover all your closing costs and its 30 year amortization and 30 year term meaning you pay the min payment for 30 years you'll end up at 0 dollar balance at the end of 30 with out having to refinance or payoff your loan at any point in between and assuming you dont default your note will not be called due and payable which is always a possiblity on a portfolio note.In houston,TX I like Lone Star Bank (LSB) they do portfolio money last I saw at 20 year AM 5.50% with 1 point 7 year term i believe (balloons at the end of 7).

@Ayman Elmasik what you can do is bring one of your potential buyers by the property and have them look at it and make you an offer on the property.