Eventually we just decided on remodeling the bathroom where the original pipe damage was and leaving everything else be. 

My clients with hundreds of doors use data to cull out the lowest performers and give someone else a shot at making them more profitable.

If you mess up on either of these your life could be a living hell. 

If the tenant does move , do a detailed inspection in case the tenant messes things up

This is is a very good area and would actually live in 1 unit, so 3-4k negative cash flow for living expenses is ok, as any house w mortgage would cost that.https://docs.google.com/spreadsheets/d/1tfbjOlyVsGW3nHLVPk_R...Key questions/assumptions:- Total for this deal in cash is 300k, anything else (reserves, renovation loan etc) would need to be a bridge loan or hard money- 1 unit is vacant and current rents are VERY under market, projected rent is what seller gave as realistic.

I didn't think that was possible, but I've had people ask.I think the biggest trick might be not the amount they are getting, but everything else involved.Can they get a mortgage with a payment for what they're getting in the voucher?

Anywhere else in the northeast just doesn’t capture enough year-round traffic.

Please answer any of these questions or suggest any advice on how I should handle this mess.

Just keep bidding up to your max price, if no one else bids and the property doesn't move they may capitulate and take your bid. 

Has anyone else done this?