I understand how in a post recession economy it would work great, however now that the market has (largely) recovered are there still plenty of subject to deals around that would make sense to an investor?

There may be a way to mediate your risk and recover your testing costs and remediation expenses. 

Once I recovered the property the bed were destroyed and I had to remove all of the plants and basically do rock over it.  

I get surgery recovering surgery patients occasionally but I’m sure there is a good niche for accessible homes.  

Has anyone tried using Kensington Research and Recovery services to lower your property taxes? I have a couple of units that are out of the area I live I that I would like to submit for appeal. They say they do not ha...

However, because HOA won't let go easily you may have to pay delinquent assessments to get the resale done in a timely manner, then sue to recover...HOA will most likely settle before day in court.  

I was an active member of BP years ago but my dreams of being a buy and hold investor were put on hold when I was burned in a business investment once I got out of the Navy.I have mostly recovered. 

There is an interesting discussion on "Deposit to Hold in Massachusetts" on the MA Law Forum:https://www.malawforum.com/content/can-i-recover-d...In a nutshell, there does not seem to be a specific MA law governing "Deposits to Hold."

Profit is the amount of money you have left over from the sale of a property after you recover your acquisition and rehab costs.   

I'd be more concerned with that because if he runs out of money half way (or even less) you're going to be in a real bad spot... and likely not be able to recover anything worthwhile.