Investment Info:Single-family residence buy & hold investment.

NOI will be used for 2 apartment renos, followed by $10,000 city grant for each dwelling, rinse and repeat until all 20 are micro apartments.

In my experience, calling the police repeatedly for LEGIT issues is the best route. 

Overall it sounds like a buy and hold. 

I recommend a structural engineer further evaluate and make recommendations related to this observation” And regarding this make-shift supports: “Temporary posts exist in the basement that should be considered for replacement with a permanent support system.A temporary post is noted as a support to the ground that does not appear to be resting on a footer.This temporary support post is holding up a metal beam supporting a large portion of the house.This is a structural concern that should be reviewed by a qualified engineer/contractor”I will include a couple pics as well 

So over the last 10 years or so you guys are just picking up those foreclosures and the cycle repeats the values MAYBE are getting back to 2002 values where I started..

., so even if list price, cash is offered, another term might not work, so likely no way to hold a seller to sell until they actually sign an offer.

Then sit tight for a bit, make sure it's rented and you have reserves, then repeat the process. 

The reason they have money for new cars is because you aren't holding them accountable.

If the buyer's strategy is to hold long term, and they are getting favorable interest or payment terms, and the value supports, offering more than ask isn't necessarily a bad thing for them.