Just to give you an idea of how the market changes, back in 2008-2010, I was probably offering on 40-50 out of 100 (that we physically looked at) and closed on 15-20 out of a 100.These days, I don't look at a lot of properties (most of my deals are partnerships and my partners are doing the acquisition stuff), but I'd probably say we're putting offers on about 15-20 out of 100 (that are physically looked at) and closing on less than 5 out of 100.The other big difference is that 10 years ago, we probably looked at about 25% of all deals that came across my desk. 

You may also consider looking for lease with option to own opportunities, for the same reason; lower your down payment- then use the leasing period to build up what you need to exercise the option to purchase. 

Since a condo would be limited in terms of physical changes, think about what services or experiences you could add like grocery shopping (assuming full kitchen), concierge, driving service, eco tours, snorkeling, etc...

Seller no longer physically resides at the address.

If it is a small enough house like this and I do have not much to do, I can just drop my 1hr exercise routine and 1hr lunch walk to do this.

I'm a Dad to Logan 9, Lucas 6, husband to Wendy.I've spent the last 11 years as an entrepreneur in the digital marketing world, primarily focused on physical product eCommerce (I own 2 brands that operate on Etsy and Shopify), and most recently having kinda accidentally built a few 100k social media following as the Carnivore Dad.I’ve been interested in and attracted to real estate for years but I just made excuses that had me staying in my lane of digital marketing, however I'm here now and eager to learn.I settled on Texas as my primary state because I have family here, I love meat, and I’m interested in firearms.

Are you sure there's no legal (as opposed to physical) access? 

You really want to buy the lot, the floor of these physical assets is the land value and that's how you got to take a look at them.  

They are eligible for ROFR only if other conditions are met(i.e paid on time, no damage, non-refundable fee per exercise of it).That way you'll get them to behave well, can price accordingly, and hopefully keep them around if they are good.

The General Contractor doesnt do the physical work .