I did some very preliminary research on whats for sale vs currents rents on condos/townhomes/SFR but all were cash flow negative bigly!

IB has some rough areas but if you are currently in Logan Heights, I doubt it would be a shock to you.I agree that IB has some reasonable cost RE for being close to the ocean. 

The bank only recently began the foreclosure process, posting a Preliminary Loss Mitigation Affidavit just last month.

@Joe Splitrock the prices that their contractors quote them are so shockingly low, I just pray that nobody goes in on a flip without checking real quotes first thinking they will pay that for work before buying something.

Boy was I wrong, I did more research over the years and after finding out that I will qualify for VA benefits and be able to pull out a %1 interest loan for 675k and I immediately thought wow I would finally be able to start I used the calculator on bigger pockets to get a rough estimate and once I saw the cash flow I was in shock I would pull in a whopping $200.

Just go straight line 27.5 years.I agree, but I'm shocked that @Yonah Weiss voted for this comment instead of debating it  :)

. - Yes Keith - it's that way in small town KS and some of the other flyover states - but you'd have to visit to get a feel for the area - if you are from/live in NYC you'd possibly die from culture shock -- I think small town KS is cool and appreciate it - but these areas are in different solar system compared to large metropolises. 

I'm actually quite shocked anybody recommended not paying off credit cards as fast as possible.

Typically, property value add of site control comes AFTER the site is fully entitled for the new development and someone has to funds soft costs--preliminary design architecture fees, design fees, legal fees, potential contractor consultation (to get #s). 

He sent pictures of the electrical panel and smoke detectors and I was shocked!