Mike Lambert above is correct about house values in Japan.

Because EVERYONE wants to sell their house fast.People who list on the MLS want to sell their house fast, people that want to sell their house FSBO, want to sell their house fast.

**For context I house hacked for about a year after she passed away but couldn't live in that house anymore and sold it.

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

The housing crisis saw record numbers of foreclosures of single-family homes in Maricopa County in 2010.

I'd second house hacking.

If you decide to keep your house, you can do an IRRRL after you have made at least 7 payments on your new mortgage.

But you also SHOULD have some vacancy and some capex on an 80 year old house. 

A contractor left a back door open one day and someone walked into the house and stole $2000 worth of tools.

Suggestions like driving by the houses weekly are silly, such trips serve no legitimate business purpose.