@Cenddie Alaban there is a lot to your post so I will try to tackle it in pieces.For the most popular loan types (FHA/Conventional/VA/USDA) these loans are actually regulated by the federal government.  

They claimed one thing, but actually delivered another.  

This is a good point and IF the tankless is actually cheaper oncevyou factor in lifespan, then yes, it would certainly make sense.

Who knows when they will actually file foreclosure.  

I've heard in a couple podcasts now it's possible, with owners knowledge and permission, to list a house you're under contract to buy on MLS before you actually own it.You'd basically be wholetailing it without having to purchase it.Has anyone done this/knows if and how this can be done?

Actually have a duplex under contract for an investor right now.

With this one, it was previously on the market for 6 months and the listing agreement actually expired because of a pricing issue.

Yes it's hard to admit defeat, but if seeing negative cash flow now, and likely will for the next five years, how many years of $1000 a month will it take before you recoup all that loss and actually start making money?

You really don't know what you're working with or what you have until you get down to the brick and the framing.But if you look at the wall there on the 2nd floor, and notice the 6 (actually about 7 or 8) outlets on the wall.... somebody went cray-cray with the electrical wiring.

They used potential rents instead of actual rents.