If you sue I think you would have to prove damages I believe.

@Christina B.No real damage to this incident but still baffling ... 

The effect was that he had near 100% financing, and a property worth $450,000 at a cost of $381k.  

. - All the gains in real estate come from network effect & relationships.

Consider the tenant pool (neighborhood class), property damage, and think about future capex and repairs.

In the second example, the higher cap rate has effectively priced in the expense of re-tenanting the building within 2 to 3 years so the 10% cap going in results in a 6% or 7% cap rate after accounting for all of the expenses to re-tenant the building only a few years after purchasing.For an experienced investor or developer, seeking out underperforming assets as detailed above is their very business model.

The Landlord insurance policy quotes I am receiving has a high deductible for Wind/Hail/Named Storm coverage which effectively means replacing the roof would be out of pocket for me which defeats the purpose of carrying this insurance.

The seasoning requirements, LTVs, and drivers of the difference in purchase/appraisal values will be effected by the loan product.

Most people do not practice enough (few times a week only) to be that effective at it.

Make sure the lawyer letter has something to the effect of "for your health and safety, we feel it is necessary for you to vacate the property.