More likely scenario is simply squatters who are gonna ride this out till the eviction goes through.

For this similar price. 2 bedrooms under $300k : rent a room, Reno the condo, increase value and let it ride while paying down the loan , taking tax benefits and growing equity.

It's a wonderful ride!

Amateur investors want to ride it up 400%.

You might hit a few bumps in the road...tenants who imagine due dates are more like suggestions, or unexpected repairs that crop up at the worst possible moment...but that’s part of the ride.

Enjoy the ride, its a fun one!

I have had 100s and 100s and 100s of various govt programs 99.999% always pay. if not " they lose their free ride" 

We are currently riding out the low tourism months which is a challenge and effects our numbers, so, we hope to see an improvement during the upcoming tourist season.

If you’re looking for a reason NOT to take a particular action, you will always finds it Although I started investing in foreclosures in ‘78, I didn’t buy my first Note (a 2nd DOT) until 1989.What a wonderful, wild ride that was! 

A low-cost investment in fencing or a gravel driveway could make the land attractive for outdoor storage.Recreational Use: Open the land for recreational activities like ATV riding, horseback riding, or camping.