Like its own townhouse, it's private and each unit has its own entrance and 2 spots for parking and location where you can walk if you want to get a container of milk. 

Great, that 2 or 3 year lease might let him milk it a bit longer, and set it up so the buyer puts $50k in his pocket to boot ($200k to cover the loan + $50k for him + $10k for you = $260k cash... making up numbers).

Part of me thinks a cheap solution could be skim coating the wood with some form of product to get it a bit smoother and then paint with a lower sheen.

Let me see.. that was over 600 words..that will be 3 chickens and a milk goat!

I think the buyer is milking the inspection period.

If I were in your shoes I’d be tempted to milk that cow until there is some ebb/flow in the macro environment.

I provide eggs, milk, assorted dry stores/snacks, coffee, and sometimes beer.  

(Your post refers to both foreclosures and pre-foreclosures.)The fact that at the top of your criteria list is to find lis pendens filings means you don't understand what you are messing with.Good luck and happy equity skimming!

HiI have a rental I've owned for about 10 years. it's a triplex I have been a bad boy....I took the milk and did not care much for the cow. 

When they stop paying you can not collect any money owed and they will milk the system to the limit.