not a major part but it was pre 08.. probably 10% of the deals we did.

That's a Pre-Qualification. 

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

Many people did that during the pandemic and most buyers in Tulum buy pre-construction.

Having worked in corporate architecture firm for 13 yrs before opening my own firm, I understand your basis @Jay Hinrichs and it's totally accurate.

We walked away from a new build last fall because we could already see issues and the sellers ended up getting us a pre-inspection report that said there were serious issues with drainage and foundation.

But I do have an issue with asking some of these pre-existing cabin owners to have to retrofit their cabin with the system and expecting them to have it done in a year or something. 

And more like 270 to 300 for pre-existing.

I do see pre-foreclosures, pre-probates, and tax delinquencies.

That said, my last Booking.com guest a couple of weeks ago was a bit difficult pre-arrival but ended up being a great guest and left a 10 star review (no comments though).