Or, are there defined timeframes that banks must adhere to?

Boy I think I have definately learned what sweat equity is and I have become quite handy which enables me to fix things instead of calling a handy man.  

Everything depends on the case by case scenario.The system consists from 3 components:1. conduits2. cables3. equipment1.

I don't have very much experience in commercial costruction, but I would definately get a few more quotes on this.

I would define your criteria and get focused on what your looking for.

I have used Crystal Lee here in Madison for a couple years, she does a great job and has a handle on the real estate components : Crystal at leeassociatesaccounting.com

Define the degree of quality you want, 10?

We are releasing this toolkit well in advance of the effective date to help the mortgage industry come into compliance with the new rules,” said CFPB Director Richard Cordray.The toolkit, which can be found here, provides a step-by-step guide to help consumers understand the nature and costs of real estate settlement services, define what affordable means to them and find their best mortgage.Complete Article from HousingWire

As @Rusty Scott mentioned, you need to define your local team first before spending too much effort on the neighborhoods and/or properties.Each PM usually has a specialty area that they like.  

Foreclosure is a specifically defined period.