However, from the resources I have read across the internet and here at biggerpockets, it seems that the politics (w/ condo boards, bank financing, reliance on other units) make it more of an undesirable property type for the rehabee.

Too, it indicates  level of self-reliance that should keep them from calling you incessantly with every minor issue like a burnt out light bulb. 

Your main issue is going to be if your broker tells you something will you use it in reliance when buying a property.What happens if they're wrong or things turn out bad? 

If someone is leveraged to the hilt and even if the DCR is good, there are two tears of considerations, the subject property or business income and then the backup or reliance of the individual and his ability to cover the debt in the event things go south.

However the local economy has been on a 25yr decline with no sign of turnaround due to over reliance on a dwindling natural resource. 

I hadn't heard of FastTitleSearch.com before so I just looked at the site and saw they advertise they have a $1M O&E policy but I also saw they guarentee that:If we omit or do not show accurate information, a full refund will issued.I assume that means that if they miss something and you bid in reliance on their report, their liability is limited to the price you paid for the report.So say you pay $50.00 for the report and bid $50k at a foreclosure sale relying on the report showing no other mortgages and win. 

Residential is just passive reliance on the market...There is more upside in commercial on a per unit basis, for your time there is nothing higher

@Soren AgerThe down side risks, among many, include lack of control, lack of transparency, and reliance on the syndicator’s ability to adequately structure, operate, renovate, lease up, reposition and then exit.

Those years taught me everything about self reliance and how to get what I wanted without help from others.

This was primarily driven by a reduction in the reliance on Construction and increases in Financial, Education, and Health Services.We have sites in Chandler on our radar; so, near Gilbert.