If things ever return to "normal", I'd fire sale my shiz and leave that arm pit. 

You can build your own team i.e. title co, insurance, pm, contractors, handyman,process server, lender etc.... or you can find an operator who can get you going in that market while simultaneously building out your team.Section 8 housing is a great way to ensure consistency with rent payments however not all tenant who have HCV pay 0%.

And they won’t do it quick just because you want to buy so you would need to close with some estimates on the sale bill.  

There is no seasoning requirement involved since the property isn't a short sale and it isn't someone buying REO from a bank with a seasoning requirement.

You have to put more money down and pay a higher interest rate and is limited to only 2% IPC.

@Parmesh P. there is no such TDA paying 7% or even 6% long term,5 years or longer.

The biggest challenge we faced is the property's proximity to a railroad, which has proven to be an impediment to the sale.

Perhaps we "buy" the house from them for the $328K balance to satisfy the lender and don't need a large down payment and then have a separate contract with them to pay $x per month until we've paid the full $172K amount.

This is a the perfect vehicle to use for short term like buying a  property with cash, then refinancing the property to pay the line of credit back in full, and use it again.   

Look, we’d all like to search the internet, find a deal for sale, analyze the property as having a great cash flow at current interest rates, with lots of upside potential in a gentrifying market.