If the sale is set for February...unless you are writing a check to pay the loan off in full, I'd say you should punt and move on to the next deal that appeals to you.It's up to the owner once it's taken back as to whether they will fix it or not.

You want your information to be as easy-to-read and visually appealing as possible.

But I'm surprised that no one has already mentioned a simple appeal to logic here:  it should be stated quietly but firmly and often that a bona fide purchaser (that is, you) is interested in acquiring this physically and monetarily distressed asset for a reasonable, already-negotiated price, and that the Brother has the choice of accepting that price, or getting wiped out and receiving literally nothing.  

While the some-what guaranteed rent check every month does seem to have its appeals along with the 11-12% CAP based off the numbers I ran, I am curious what the down sides to buildings like this are?

That way, you won’t have to repair as many items when tenants move out.Houses from the 1960s often have hardwood floors, which are both appealing to customers and easy to maintain.

Also, check out the new home builders in the area, they pay a lot of money to professional designers, follow trends closely, and know what appeals to the masses. 

The City was very lax about enforcement as @DrewMacomber mentioned during the Texas Public Policy Lawsuit, but that lawsuit is moving to appeals and since the judgment, the City is tripling down on enforcement.

I think it would be a great asset which substantially improve the units' appeal to better tenants.

On the other hand, 364 days of sunshine per year, minimal crime, brand new infrastructure and some of the lowest tax rates in the country seems to be, to our complete shock, somewhat appealing to folks looking to relocate.But that is just a couple of many interesting takeaways to be gleaned from the latest annual "U.S.

We offer a by the bedroom model that appeals to tenant groups who often pay 125-150% of market rent.