They are effectively insolvent and lenders and insures have already deemed those properties uninsurable and therefore non-financeable.

Is there a pre existing loan with that bank with either of you?

Long Term non-paying Tenants.

My electrician insisted in rewiring my house without ripping out the existing drywall.

For me, that's a non-renew. 

We just got a deal under contract subject to the existing financing.

I’m thinking of suing the utility companies for not notifying me of non-payment creating unsafe/ unsanitary situations that led to house fire, thousands in damage.

Investors who are active in gathering data on local trends while working with knowledgeable agents are able to pick neighbourhoods poised for growth and also comprehend how to best mitigate their risks as they prepare to maximize their return.Myth 3: Distressed Properties Are in Bad LocationsAnother misconception is that distressed properties only exist in bad neighborhoods.

Those conditions don't exist any more, and the government has the right to regulate land use to try to prevent the current conditions from repeating. 

Have you considered tapping into your existing rental equity for the down payment?