Most investors take a look at the available rental units in a particular market,  determine if its a good or bad market based on DOM and either dismiss the market all together or replicate the housing units that are absorbed.

This helps determine if I would be responsible for covering those costs.

I'd start by getting a soils engineer to look at the soils around the building to determine what's gone on to cause the heaving or settlement.

The quaility of old existing units, and the ability of the long term population to pay new rents, blended with an influx of small high end mill conversion units is simply not balanced.

However again if your bound and determined to buy the physical assset then you need to buy quality not C class.. you will NOT get consistent cash flow like you are thinking your will. you will have tenants stop paying you will then get NO rent for 2 to 6 months as you evict and then spend thousands rehabbing the house they just trashed..

What I'm seeing in the industry as a cautionary tale for you is that simply the reputation of the company is not going to necessarily carry the day.  

I see some of the states that are still stuck in the 1800s using title abstractors taking a week two weeks.. the folks that are local simply dont know any better as its just SOP for them.

@Jae Yoo you'll find it will cost more to sue the PMC than you will recover.While contemplating that, do the following:1) Review your PMC contract to determine how to terminate.

Christian, first off, I want to acknowledge your determination—you’ve stuck with this even through the tough times, and that speaks volumes about your commitment.

Once you complete their application process, they will determine you don't fall under their top tier borrower qualifications and propose terms that are far less favorable.