Have you read anything else that supports my small sample findings or to the contrary?

His comment on costs was $4k-$6k but I have no idea what that includes and I think it was a guess having no foreclosure experience in AL.Do you have any good web sites I can read about the process or anything else not immediately obvious?

Same issue: the requirement to work more hours than anybody else, which would include your partner.

Learn on someone elses dime. 

Project still not finished as I ran out of money to put into it and it's kind of a messed up deal as I've got a friend of mine well current business partner living in there as he's supposed to be fixing it up but this relationship is coming to an end just because of other personal issuesLessons learned?

For a building that size I would expect they would have had someone like a John Burns or someone else provide a report to understand the comps and current absorption rates and vacancy rates for this class of building.Now that you have invested, it cannot hurt to go out and view the property but what are you trying to accomplish by visiting ? 

Quote from @John Mason: ...I plan to do light rehabs with a known contact of mine and we split the profits.Only planning on smaller rehabs like maybe buy  a 250 K house using HML and do light rehabRecognize that everyone else want to do these too.

I was getting ready to offer it to someone else when she finally responded with something like "oh yea, I still want it!  

In case anyone else is wondering about this, it's my understanding after doing a ton of research (but not having talked to a professional) that bonus depreciation only applies to properties in the US (not international properties).

In some markets you only have a short window of opportunity before someone else will land the deal and you will miss out.