Here’s why:1.The property already generates strong cash flow at $10,000/month2.Financing terms for multi-family are typically favorable, especially with established income3.Renovations can be phased in systematically while maintaining partial occupancy4.Multi-family properties in military markets like Killeen tend to have stable demand5.Long-term appreciation and equity buildup provide strong wealth-building potentialOverall, this is a fascinating project in a unique market (and quite fun to do a quick research!)

How does the next couple of days look like for you? 

Generally, the more work it requires, the more likely the discount is there to create some margin.

Repairs like painting, fixing leaks, or routine maintenance don’t count, but upgrades like new HVAC, roof, or major renovations do.For precise calculations, a real estate CPA can help ensure proper land allocation and maximize your deductions while staying IRS-compliant.This post does not create a CPA-Client relationship.

While it might seem like a solution now, it limits their ability to use their VA benefits in the future.

Has anyone found a property manager in south Florida (that covers Fort Lauderdale) that they really like? 

It would depend on the areas you like to be close to but I've helped a few different buyers get nice places in Glendale and Mesa pretty easily. 

Just like with any foreclosure, I would imagine the violations/fines would remain with the property and have to be paid by the person who buys your house at auction/from the bank. 

Its not like AU were you get auto deposits..

As you say, the rate is higher, so I like to find strategies to pay off the LOC if possible.