But it will tie up some of my capital, which would otherwise go towards that monster downpayment of yet-to-be-materialized primary residence deal in the Bay Area, CA (where speculatively rewards gained in appreciation not cash flow).Additional thoughts?

This way of thinking to me dips into the speculation side of investing. 

@Adam Azam if the tenant is as far behind as indicated and their source of "potential" funding is as uncertain as a very speculative workers comp claim, they are probably going to owe the entire world money when/if they recovery anything in the future.

They use the term "speculative" with our activities and we were programmed that real estate investors are a lower life form.

The second is highly speculative and no one really knows for sure (and anyone who says they do know is just guessing).As an example, if you invested in the start market in February of 2009 then after 10 years you would have a -3% return.

You could call me a speculator, but the indicators were there.

If I had to take a speculative guess, it sounds like the community has rental restrictions.

@BRIAN CUBERO I haven't seen a duplex in the twin cities which would include Minneapolis and Saint Paul that would be a light rehab for 100-130K  I would speculate that at even double those prices you are likely to see properties that need more than 10-15K. 

Banking on events in the future that you have no control over is speculative, and risky.  

Everyone’s thoughts are pure speculation.