I've seen at least a couple of instances in the Crestwood area of Fort Worth recently where New Western has tied up a property off of MLS and then marked it up significantly over the MLS "retail" price.    

They may not want that size of investment, ties up too much cash, they may say it's management concerns or they don't like the property or location.

Everything remains on so I guess the seller didn't do anything either.

Do you advise allowing the tenants to remain on a month-to-month arrangement in order to make sure they are good tenants and the relationship will work?

Liens filed before the filing of the mortgage being foreclosed will remain on the property.

Retail also has its own characteristics and needs to be reinvented every decade or so to remain rentable and competitive.Industrial too is unique and has its own strengths (easier to manage) and cons (longer vacancies).Each type of commercial is going to require a different style and application of management.You should have a light understanding of the type of CRE you would like to own as you head into the market looking for deals.Personally, I prefer industrial because it's an easier asset to manage and I have a lifetime of experience working in this asset class.That said, and as mentioned earlier, if you head into the marketplace searching for a value add situation then you might want to keep your mind open to various types of commercial property.

~I can't come up with the third because it would be a tie between many small $$ things.  

I simply take the full deposit on the date of move-in and pro-rate the remaining month's rent.But yes, hustle to get it looking great (especially since you've just closed on it and you'll be highly motivated to get into it).  

That's just my opinion of course.I'd suggest you remain focused on the target and put aside the he said she said and instead find a work around to the problem at hand.

If you're really interested in the property get a pre-approval from his lender and then use your own financing for the deal...pre approval doens't mean you're tied to that lender.