@Justin AbdillaAll of this does make me wonder about FHA, VA and other PMI non performing notes as an investment though.

Where does everyone gather market performance data from?

I would measure your returns based on your invested equity position and see how the same equity would perform in a different property.

I'm assuming by that you mean you would purchase the whole property and perform the repairs using your HELOC.

I haven’t self performed or managed a project in house in a long time. 

For fun I enjoy parachuting sports like skydiving, wingsuiting, and BASE jumping.

He's been performing due diligence on debt and equity financing requests for clients for ten years.

I would also try to pick nonvolatile markets where your equity position and rental performance don't suffer in a recession.For the highest cash flow possible, I like secondary markets. 

Here are the specs:6 unit brick multifamily Apt building-priced at 569,000- negotiated down from asking 600,0006-2bd/1bth apts currently does 4700 per mth-rent currently about 20% under market at the start of due diligence was 100% occupied-That is what I based my offer on building performing at 100%tenant just gave his 30 day notice -so before closing the building will have 1 vacancy performing at 84%The inspection also turned up 15k of safety violations I believe both are points of renegotiation-I'm just not sure how much is my question-I was going to ask for 15k of a closing concession to cover the safety issues-but how much is considered acceptable/reasonable to decrease the price for the vacancy?

A seller backed out of a contract for a property I really wanted and it was an amazing deal.I am looking at pursuing a specific performance lawsuit and I wanted to talk to others who have been through one.My questions are; how much did the whole lawsuit cost you, did you win and how soon did you act?