I think this is generally a good post but, a couple of subjects warrant comment (opinion...which yes, I know how valuable anyone's opinion may or may not be).* In my world (Bank) a "Foreclosure" is a property/loan that has a filed notice (Often referred to as first legal) that a foreclosure has commenced and is somewhere in the foreclosure process between first legal and sale (or post sale redemption).

You will get kids jumping on beds and heavy couples using these. 

Check out your local Salvation Army, they always seem to have a couple in decent shape for $100 or so....

Couple things to do..1.

Simultaneously, if this vacancy is a high percentage of the buildings total SF, I would market the property for sale to an owner-user who may be able to fill the vacancy at preferred rates while gaining investment income off the other tenants.

I have quite a bit of equity in a couple of properties and have been debating my next steps.  

A couple of years ago we had a property that we had sold on a wrap and the new buyer went to get it refinanced through a title company. 

There are a couple of things you can do:1.

@Nathan Gesner My justification for taking the risk is that I have a solid W2 job so I can afford to take a hit for a couple of months for vacancies and maintenance.

I was approached to help buy land that has been zoned for 34 townhomes at $2.7M (would be me and a couple of investors).