Especially if I'm considering to work less and have RE cover part of my current income. 

Medical is hot but regular has been lackluster as the smaller micro spaces are just recovering.

Of course now that the market has recovered, the price to rent ratio is not favorable.

However, the thinking is that the market will also inevitably recover.  

Between serving notice and the court fees alone you will spend almost $300 to go through the process to recover the back rent. 

The owner has run out of funds to complete the renovation, and either wants or needs to sell to recover whatever he's got invested.

Yes, the whole reason an association forecloses, then rents out the unit is to recover past/current dues.  

You will incur some closing costs, but you will recover those in about 12 months and then you are saving money.Upen Patel, Mortgage BankerFederal NMLS# 1374243

If you want to foreclose on a tax certificate you have to pay off all other certificate holders.....and if the property has real value it will go 3rd party at the tax deed auction and you'll recover your costs. 

I could recover with carpet, but I'd like to do laminate or vinyl floors that should last for many years.