If the seller wanted to do a short sale they would have or let it go into foreclosure, but since they have listed the property at their price they are sending a signal to the market: they want to get out of this property, not take a hit to their credit.

Realistically, I  never spent more than say 10 hours or so per property during the buying process, which includes the time to sign all the closing papers (which is a couple hours alone).

Perhaps this is a signal to expand the search to include SFH again.

The red flags are your signal to stop wasting time on this applicant and simply deny his application.

All tenants in unit sign all addendum's. period. 

Equity...checkAbsentee...checkNon trust, llc...checkDistress Signal (tax)...checkI know that I could just go after absentee without tax delinquency, but I do want to do a bit of testing the waters.

What if you can't figure out FB or BP or whatever else, send smoke signals if you have to but don't ever give up or over think things.Good luck!!

The company was responsible for and had a representative sign all the leases, though (I think) each employee signed their respective lease also. 

Last time I drove by the basic demo wasn't even done, and there were a bunch of "cease all work immediately" orders from the city taped up all over the property.I get that you're worried about capital gains taxes and all that, but that's like worrying about if you used the turn signal or not while your car is mid-air flying off a bridge into the river below... let's focus on what matters.

This should be getting the 'pass' signal from investors all day long, but you're right: there are plenty of folks out there buying these "deals" right now.