Alan,Firstly don't believe everything you read ;), Yes over the long term, commercial multi-family does trend towards the mean of ~50% but New Build, Just Rehabbed, Older Buildings, etc, have very different operating characteristics.

Arts and culture is important in there absence, I believe cultural areas draw younger creative individuals that can generate that needed reboot.  

If you do a lot of volume you can work a volume discount with the title co, but most attorneys charge what they charge.Also as a side note, I commend you for taking this on yourself without using a guru program, but I hope you really don't believe that you've already figured it all out just by being here on BP and watching youtube vids. 

I believe the property will be much more stable moving forwards, again, most everything has been replaced.

I believe the tax laws have changed making interest on a Heloc only tax deductible if you use it for your home or to buy another so there's real incentive to use it in that manner. 

I don't believe that many people on this site have been in that much of a financial bind (after all, no one would ever invest in real estate with negative cash flow), so it's going to take some creative traditional and non-traditional methods.

I believe this will help me understand the whole process better?

I believe that gives you “color of title” which shortens the period of adverse possession from 20 years to 7. 

It probably has fines and violations to settle with the city, but I believe it’s a good deal due to the area being renovated.

Believe it or not, you missed a few:Number of petsNumber of homes with/without garagesNumber of 1 story homesNumber of renters with childrenNumber of renters with jobs in the governmentNumber of speeding tickets given out at the main intersectionsList of favorite colors and how many of each.