I agree wholeheartedly with forfeiting the deposit idea... that’s a great way to give them some room to breathe and figure out what to do!

When you live and breathe this business day in and day out, some can develop a sixth sense just like your dad.In addition, I've also been fortunate enough to ride on someone's coattail and have attended exclusive events for individuals with 8+ figures net worth and $5M in liquidity so I get the privilege to hear things that an average Joe doesn't likely get a chance to hear.

City breathing down our neck to make repairs or be condemned.  

You will be seen as an outsider with suspect motives (wanting to buy it cheap) if you do get involved.Wish you the best, but not holding my breath. 

BUT don't hold your breath. 

hi @lawrencesarpong I am from Cape Town and currently living and breathing the air of the mother city :) My wife and I bought our first rental property in 2008 and that's when our real estate journey started.

And then, in either case, renting out my existing home.Building a house has a few things going for it, including some decent grants in my area if I build in a neighborhood that my city is trying to breathe life into.I see lumber prices are still through the roof right now. 

At this time, even working for W2 income, you seem to have an advantage in time (breathing room) and Capital (the tool to act) You are  also the Landlords with experience and track record.

Except breathing, but they are trying to get it on the books. 

Unfortunately, I had an insurance underwriter breathing down my neck and had to replace the three roofs within four weeks or risk losing my coverage.