This is true but only on the surface.

Hey @Powell Slinkard — At least on the surface, and with the few facts you've provided here, my first take is that you're likely much better off than you might suspect.

I understand that foreclosure is a useful tool to get the borrower to surface and talk.

On the surface, it seems like the margins would really slim to entice someone to pay a middleman.

Will you need to replace painted windows and doors due to lead paint on friction surfaces?

I have to completely agree with Will here. 5% doesn't even scratch the surface for vacancies, and repairs will never be lower than that in the long run.

The models could be adjusted for lease renewal and refinancing risk as well as cap rate fluctuations to see what they do to the NPV of the two alternatives.On the surface, taking payments seems the best route as the only risk is really based on one guy's ability to repay the debt (or his company or family etc).

Green Flag: surface mold (sellers always know its a non starter for some people), minor foundation issues ( buy price goes down).Red Flag:1.as @MichaelSiekerka said bad neighbors.

That will be the charges from the concrete supplier and has nothing to do with what the concrete contractor will charge you for the material and labor and you definitely want to use a professional to do the finish on the concrete surface.

Scuff the laminate surface with very fine steel wool and apply the minwax/sand mixture.