While properties like this sit vacant and deteriorating because of bankruptcy or title issues, I could exercise my right collect rents and get the note performing again.  

Also, 3 Exercise Book.

Like I said this was just an exercise in understanding cap rates using a real world example and NOT a property I was going to bid on or do anything more then just look into the numbers publicly available.Special call out to @Andrew Johnson for the great reminder to do due diligence.

It may be cheaper to work with them and/or exercise their rights of redemption, especially if they have any equity left on the table.

help the client refinance into an fha loan then you can exercise your due on sale clause and redeem your full investment.

Besides which one of us doesn't need some good exercise.

An odd thought came to me, probably not workable, but maybe an interesting mental exercise.

I started exercising as often as possible and also cut down on a lot of high calorie stuff.

You don't have to exercise it.

The listing will have a contingency that states sale is contingent upon receiving clear title, or contingent upon seller exercising its option (or something like that).