This must be very unfortunate for the investors because they had only sourced 70% debt so 30% of the equity from investors went poof..Re: threat of legal letter, personally I would post that online and say "wow, see the response I finally get"...

Some agents even specialize in foreclosure properties.In some cases, banks may prefer to facilitate short sales if they believe it will result in a higher selling price than foreclosure.

Get the inspection but remember they are looking for hazards and not considering what repairs will do to the final value or monthly rent.

The reason I know this is because my first duplex was a complete gut, I had no clue what I was doing I just believed in the end result and trusted the people I was connected with locally.  

Values in Commercial are a RESULT of the factors that formulate it's financial performance. 

Finally.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

. :)   I'll likely do the HELOC and not worry about the extra taxes on gains over $500k when I finally do sell someday. 

@Allan Smith There are ways of getting a cost segregation done for less than $1,000 if you are willing to accept a conservative result.

As a result, there is less demand for off campus housing in the immediate area and its become easier to lease housing closer to campus if you are a Temple student wanting to live near campus.Keep in mind there  is also a narrow windows to lease to college students and if you miss their leasing windows it becomes difficult until the summer to lease units.