Hi Jackie,It sounds like there are a lot of factors at play here, however the roof alone should not hold up the closing, as there are temporary (surplus lines) insurance policies that will insure the property without roof coverage until it is replaced.

Without relying on hard data, it would be in midwestern rust belt cities, that have a surplus of real estate. 

I recognize there's a lot I have to learn, but I bring a surplus of energy and a hunger for knowledge.My day job revolves around design, and I'm excited to merge that expertise with real estate.

The owner or mortgage holder then makes a claim to the county to get the $298,00 surplus bid. 

I have 3k surplus monthly.

Working Surplus funds is always an interesting play.

Co-insured policies, often referred to as Surplus Lines policies (most multi-family investors choose this type) allow you to insure the property for RC or ACV, for 80, 90, or 100% of the RC  insurance to value (ITV), at a reduced premium.

Many new properties in the lease-up stage are offering concessions and we have noticed a higher than usual surplus of rental listings.Below you will find the total new multifamily units: *data provided by Johnson Perkins Griffin Apartments SurveyThe number of units planned or under construction for multifamily properties increased slightly to 10,620 units.

Once rented and on a 6 month stretch with no repairs or cap ex expenses you can see 'cash flow' but often some bill or 3 month vacancy is in the future that will level that surplus. 

I paid $6500 for this house at a surplus sale and sold it on contract for $25,000 as is at 10% interest.