Or, if there is something on the prelim that looks like an easy fix (lien payoff, etc.) but then turns out to be difficult or costly or impossible to cure in a reasonable time frame.

Such landlords are known as "slumlords", usually pretty frugal, no cheap and they pinch a penny til Lincoln screams, I never found them as a good buyer in my area.Question is, why is it bad area and can that be cured?

Fantastic - It cured me from ever thinking about rehabbing ever again!

That may cure you of the desire to be a landlord :-).

You would send a notice to all four people on the lease stating they have some period of time to cure the violation (i.e., kick this person out) or to quit (i.e., all of them move out.)

Now, with Dodd-Frank and the SAFE Act, curing issues of illegal contracts or predatory contracts just got much easier for a buyer.

If a few months late payments upset you, maybe hire a property manager.Here's what I do to help cure the problem.

I like the medical advances that have cured many diseases since then and can treat even more.

Any right to cure?

You can't cure that except by paying off the loan.