But since  I already communicated to  the tenant I’m not able to do the work as the new tenant moved in and time constraint (at that time ) made it very hard to impossible to coordinate the repair and they were ok with it the charges it wasn’t a issue. 

If you are not able to make at least $300/month with you not living in the place, then I would avoid it.

I am not able to make the deal happen because its out of my price range, but I was curious if a project like that would make sense for an investor. 

However, this too is my exit strategy only insofar as I'm not able to wholesale the property to another buyer.

I was just not able to search and find the needed answers, so i am trying to get some expert opinions.

the area is very nice well kept , its a corner property and on the opposite corner is a small mom and pop deli, at the top of the street is the local elementary school with a play ground and feild for kids aswell as a large playground/ football /baseball feild/ basketball courts a few blocks away with organized sports running concurrent to the sports season. lowes and giant as well as several food places  about a block away also. deffinitly alot of conveinece in the neighborhood. no inspector has looked over the property other then myself and partner twice already

The WA attorney working for the lender was not able to obtain one and used a non-certified copy, which the title company and foreclosing trustee rejected.

Was not able to attend last month's meeting, but should be good to go tomorrow!

Eric,To answer your question, I think you are looking at the worse case scenario of not being able to fill the unit(s) in a timely manner so that your tenants are paying the expenses including the note.I look at the analysis I do and factor in the worse case, although you may find units that are filled and would instantly supply current rent that goes toward the expenses.Because you have a W2, as I also do, if you are not able to pay the expenses "until" you get it filled "if" it were not filled then you need to think about that circumstance.

Do you know what happens with the contract if you are not able to locate a cash buyer?