Both the local and the national lenders are going to have commercial terms meaning they wont be 30 year fixed rate loans. 

You may get hit with some taxes, but it likely wont be as bad as the 20-30% some analysts are speculating the market falling. 

The Asbury Park Press also tried to reach Castrovinci by phone and received the same message that his voice mailbox was not set up.The Dumonts had to cancel “numerous rental contracts,’’ for April, May and June, suffering irreparable harm to their reputation as landlords in the small, seaside town as a result of Castrovinci’s refusal to leave, the lawsuit said.

If the seller gets it notarized and signed on Monday which is the day of the closing wont the title company not get it back until Tuesday the following day?

You wont get the crazy $ returns of big markets but risk is low.

By "deteriorate" I mean suffer horrible damage like holes in the roof, water damage throughout the walls, infestations throughout, sewage flowing freely.

A lot of times they offer the 80% and then kill you on the appraisal (though they say they wont)

Expensive lesson that I wont forget. 2.

The issue we are running into is every mortgage broker and banker is telling us we wont be able to secure any sort of refinancing since we will have property split three ways.

Quality of living will decrease and in the end the tenants will also suffer because of these policies that are being put in place for them.