(Very expensive) usually you can mitigate most water penetration issues by simply addressing drainage at the surface.

Foreign money has been flooding the land of milk & honey because many nations are jumping out of their skin in joy just to save their money from inflation.

,Most banks want you to have skin in the deal, and most will ask you is the down payment borrowed money, and you don't want to lie that is consider mortgage fraud.

On the surface the deal looks good and the seller said there might be grants available up to 350k...???

But, it does show wear patterns in the surface.

If you talk to the average bank, they generally are not going to know much about MF underwriting.Virtually every lender (commercial, MSE MF, even private lenders) are going to want your "skin" (dollars) in the deal unless this is an astoundingly good deal, you have extensive experience, or can substitute other substantial collateral to bolster the deal.

@Kevin Seith Tear downs are more costly as mentioned by @John Moore there are usually additional costs for permits and engineering and you can't forget having to comply with all the current zoning rules like setbacks, off street parking, sprinkler systems, fire separation, density, lot coverage, and impervious surfaces.

Sounds pretty good on the surface of it.None of the houses have fridge, stove and other appliances?

@Carlos Pringle there are a lot of ways to skin a cat.

@Cyrus SidhwaThere's more than one way to skin a cat.