It was listed on the MLS previously as a traditional sale and didn't sell

Example: November 2023 sold for 500kListed under foreclosure for 260k now.Photos don't show any updates or signs of any rehab being started.My first guess it these were bought as rehabs without inspection and people found severe structural issues that they cant afford to remedy, which is common with the amount of water around us on Long Island.What other assumptions or conclusions would you draw from seeing listing like this one?

How many DSCR Lenders have you talked to?  

Hey, great to see Syracuse on this list!

So understand that while you can get a good deal, you are accepting a lot of risk by 'playing the game'.Finally - know that just because an auction lists a price - that is seldom the price something will sell for.  

I've always read on here and heard others talk about how buying and financing commercial properties are so much easier than residential.

I’m unsure of my next steps but would love to talk to other like minded individuals.

Its better if you get a property managers phone number because you can cross reference that with what is listed on their website. 

Hey all,Looking to get a short list of property managers you all trust in Beaufort or Florence SC. 

But once your property is ready to be listed, find a good property management software that has all the features you need - Listing Syndication, Tenant Screening, Lease Signing, Rent Collection, etc; and you should be able to have a much better work-life balance.