Many banks wont touch deals that are sub 90% occupancy, so you could negotiate short term seller financing to help give you runway to make the building bankable for a refinance while you reposition it.

Most US mortgages are based on 30 years and without assurance on insurance, why would banks continue to make mortgages in higher risk areas if the potential is complete loss?

Each multifamily building I have has its own bank account.

A double-entry system (like QuickBooks) allows you to reconcile your bank statements, ensuring no missing or duplicate transactions.

The moment the first payout hits your bank account, all that goes away.

The workshop shows how SDIRA owners can earn double-digit returns by owning real estate as a bank. 

If you aren't in that club yet, do a few flips and build some bank. 

Hard money lenders are much more like banks and come with many restrictions, requirements, due diligence, fees, etc.

this is only a good idea if you have reason to believe that the area will be appreciating quickly, which is called speculation and akin to gambling not investing. me personally, I would rather put my money on black than bank on market appreciation. negative cash flow rentals are a time suck and money suck.

Quote from @Gregory Banks: I would hire a structural engineer. $1,000 inspection could save you tens of thousands.