I know which bank foreclosed upon the property and I also know that the home was built just before the crash and was very deeply underwater in a marginal market prior to foreclosure.For the right price, this would be great for me to be able to control this property and consolidate holdings in the neighborhood.So as a greenhorn, how would I approach this situation.

When I searched online, I was pointed to a "Total Consolidated Levy" on the same county website. 

That would be part of the reason why we would look at doing a refi (to consolidate the debt and bring down the interest).  

-----------------------Have you ever considered moving your IRA to a new investment house or consolidating multiple IRAs?

I have been speaking with another local bank who offered to consolidate all the loans into one loan amortized over 15 years, 5% fixed 5 year balloons.

Do a blanket loan to consolidate your existing properties should be 5+ or conversely buy in bulk.Depending on your investment strategy if you are looking to build a large portfolio of rental properties then eventually you will want to go option two or three.

Since it is likely your purchase is legal non-conforming with respect to current building codes, any insurance needs to covers reconstruction of the structure to current codes - some policies consider code-related improvements as enhancements to the existing building.I would also closely check the co-insurance provisions, loss of rents limits ($ and time), boiler coverage and general liability caps.A good commercial insurance broker can really help assess the specific risks and you may be able to loop in your other properties under the same general liability coverage if you consolidate with one carrier.

Get a 100% LTV HELOC on your primary residence for 5.25 variable rate.You don't seem to have much equity in your rentals to be able to do a non-owner occupied HELOC for 70% max at 3.25%.I don't think the blankets work assuming that your interest rates are pretty low... they will most likely make you consolidate to 6-7%.

Detroit needs to not only have many of these house removed, hopefully by a cleaner process than burning, but needs the ones that are left to be consolidated into an area more appropriate for a city of 713K and a city of 1.5M.

With the consolidation of railroad companies over the years and the move to inter-modal shipping, there are a number of tracks that are no longer in use.