The location hasn't had a lot of demand which has made it challenging for him to find an end buyer. 

I think the 0% origination will be challenge.

Challenges?

Lenders desperately need/want business especially in this interest rate environment (right now, the main source of mortgage loan business in Florida is rehab financing as a result of the hurricane damages) and one way the big players differentiate themselves is by streamlining the process.

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A few challenges with SFH..

Challenges?

If you do, you should expect a very aggressive challenge by the IRS.At $350K of combined value it might be worth the cost to get a segregation study if you intend to keep these a long time.

@Shaun OrtizEvaluating distressed properties remotely can be a little challenging but it's doable with the right tools.