Yes you can buy these to rent out. We just had another one closed with an investor. This is his 2nd unit in the same developement. The condo fees on this unit are $160 each month, paid quarterly. The lowest price on two that recently sold was $120000 each. They were both estate properties. These condos, especially the main floor, rent very quickly. The rents range from $1100 to $1300. The condo association will do the property management for you. I can check into the costs if you are interested. Hope that answers all your questions, please let me know if you would like to take a look or have other questions.
219 616-5514... more
Dana, You start by learning what it is you are thinking of committing to financially so you can make the correct decisions. If you are asking about local tax sales then going to this site will assist you in getting information...http://www.lakecountysheriff.com/civil/sales.htm
If you are looking for information for tax sales in Indiana then try this...http://publicrecords.onlinesearches.com/Indiana-Foreclosures-and-Tax-Lien-Sales.htm
If you are talking about learning more about REO/Foreclosure then perhaps this will help. The Banks and Gov. maintain sites where you can get information on their properties for sale for Free. Sites like these...
These sites will also have information on the purchase/bid process.
You can find the links to the Bank/Gov sites and more here...http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp ... http://www.biggerpockets.com/bank-reo.html
I don't know if you've checked this out but it has a lot of good buyer information and tools..
Check your contracts over very carefully. All transactions/contracts involving real estate must be written. If you don't find any clauses giving the bank the right to back out, you could sue for specific performance. Contact a good real estate lawyer to discuss your options, alternatives and costs.... more