After a long negotiation we have came to a mutually agreeable price however, due to their current situation (finalizing a divorce) they wont be able to go through with the purchase for about 6 months.

Also I wont forget to reach out to you, thanks in advance.

The City of Detroit faced a "make up" situation and they solved their problem by spiking property and other taxes higher, bombing out their city, destroying their real estate value and then declaring bankruptcy and cutting pensions and stiffing bondholders in court.

That investor has cleared a bit of the land, painted three buildings red, removed a couple of trailers by destroying them on site (if there is still rubbish there in September I'm reporting him to code control), and now lists the property at.....drum roll.....$450k.

There is so much information in this site and also great interaction you wont find anywhere else.Otherwise Joshua has made some old lists :http://www.biggerpockets.com/renewsblog/2006/08/25...https://www.biggerpockets.com/renewsblog/2010/06/2...Here is a general list also :http://jacobgrant.com/2014/05/top-87-real-estate-b...I personnally like the Jason Hatman (great podcasts) and Ask Ben.There is also the Michael Blank, Retipster or the Joe Stampone.You need to pick up the best ones that suit your needs and investment philosophy because you wont have enough time to follow them all. 

Maybe you'll check out a new field and make a lot less money and it wont matter anymore.

@Mike OstermanIs the place destroyed inside?  

IS there something that wont require the reserves?

I was able to get my seller to contribute 3% for closing costs but seeing that you are trying to buy a bank owned property, you wont have that option. 

That's money in my pocket I can turn around and reinvest in a property that does truly cash flow since we wont be living in it.