That would almost always be from the same lender who has a 1st AND 2nd on the property and they are just fed up with the owner and are taking the opportunity to get out of a bad situation entirely.Sorry, it's complex enough that it isn't a 15 minute class.

Somehow they bury bad reviews on google with great reviews.For clarity, I own DealMachine (not batchleads... totally different companies).

They will do a slap dash job on a house that still has a bad roof and foundation in a neighborhood that will see zero appreciation. 

I reeeeeeeally wanted this to be true, too, I wanted to believe him so bad.

This isn’t a bad thing!

I think it's a gamble for someone 2000 miles away - could do well or badly.  

These homes tend to individually appreciate over time and are actually not bad places to live.The places with the lot rent you have to decide if you want to be in the mobile home business and buy the park.

Would it be a bad idea to buy a single family home built in mid 1930's?

They offer a $10K repair fund to fix damages in addition to SD plus warranty for appliance repair etc.I have no say in whom they choose to move in, whether there are animals, limit on # of occupants etc. they reserve right to inspect property so i have no idea if they can tell me to remodel, paint etc.does this make sense i have a vacancy coming up in October (bad rental timing).

You tempt the Devil, bad things happen.