Yes that means digging deep in your pocket and spending your money to defend yourself in court or to at least to guidance and advice. 

However, do prepare to defend your purchase.   

(very cheap to add a door) That would help you defend your position as it has in other cases. 

I am not interested in investing Cleveland as much as the posters original statement/assertion about hostility towards investors via city policy and then your comment, that so passionately defended these policies, got my attention.

Unless the whole point of this thread wasn’t to have someone “explain the hatred of pitbulls” but rather to just defend them blindly in the face of facts?

I would want earnest money to be atleset 3 times one month's rent plus attorneys fee. as you'll need that to cover losses in the event that the sale fails, the tenant sues and you now have to defend yourself. 

In most residential foreclosure cases, the defendant doesn't really have a defense if they failed to make payment.

If you later sell it as is you can easily defend that you were holding it with an investment intent. 

Collectibility is a huge factor for these "fly by night" defendants.

Look I know some of you think Account Closed I appreciate the heroic efforts to defend your investors, but when cyclical and secular factors are against you in a bad market, even strong reserves may not be enough to overcome a loan that’s due.