He told me not to because it usually isn't allowed in foreclosures because it could cause damage.  

It's a rather obvious existing problem for which  the economics make no sense whatsoever.This is like asking your auto insurance company to insure your car with major damage after a big accident has already occured. . 

I chalk it up to three things: i) the trend of people living and working in our downtown neighborhoods is very new and most appraisers do not live down here, so they haven't gotten informed of what is driving the trends; ii) there are not a lot of comps yet; and iii) There are still good parts of neighborhoods and bad parts, and parts that just haven't caught up yet but will within a year or two: Washington park has plenty of $330K condos surrounding it, but the same condo 5 blocks away lists for $190K.

But if the rent roll looks good, the current tenant checks out and there's no serious damage, Id say you got a nice little BRRRR property. 500 a month (less Maitnence) passive income is a nice income trickle.

Then the attorney says, well, he has caused you to incur a financial loss by devising this off the wall financing arrangement that is not common practice around here, we'll sue him for damages!

Last week the bridge was blocked due to an accident and she just couldn't even make it into work at all.  

The value of an option can be determined and in residential transactions most don't go through the brain damage of properly valuing an option, generally it is no more than 10% of the strike price or sale price. 

Phili is such a "block by block" city it so hard to tell without being there.

Technically that is not correct, and could bite us in the butt, but I haven't had to fight it yet....After they vacate the property, within 45 days, you need to send them a final accounting of the damages, cleaning, etc and how their security deposit was applied..

I expect for many portals to drop out of the running because they're not willing to put up with the FINRA brain damage for the modest amount of money they can make operating the portal.