Power outages, flooding, it was difficult if not impossible to get any contractors to come do any repair or clean up. 

Is it possible to form a joint venture or other form of non-entity partnership to make this work?

I can't get the two of them on the same page.My attorneys laugh about 15 day closing..Please advise as this is my dream home and I really don't want to lose it if the property title is clean.

I had a deal in front of me and need help determining if this is a good value....It is a low cost low income building.I have a break down of all the numbers but I’ll just throw out the basicsGross rent is $234,000 on an upward trend producing closer to $22,000 a month last 4 months, seller has been clearly cleaning things up a little before sellingThe balance sheet that they gave me shows $98,000 NOI but they do not have property taxes listed and makes me wonder what else that they left out..But either way that should still keep the NOI above $90,000The asking price is $800,000Looking for advise from some experienced investors Thank you

@Brett Goldsmith i would guess right its worth around 120k or less if it were to be cleaned up and put on the market as it sits. 

Any one have any Information they would Love to share on getting a Non Recourse loan in Indianapolis.

Have a bunch of questions ready - have they ever thought about selling, if they sold how would they do it, is evicting tenants and cleaning up the place keeping them from selling (for absentee owners), how many pieces of mail do they get offering to buy their house, how do those mailings make them feel, etc.

Be sure to calculate the HOA fees into your model and vet the associate that it allows for non-owner occupancy. 

If it will be cost effective (or just worth your personal sanity) then give him some money to clean out his stuff and walk away from the property.

I am assuming it would be less cash down that a non owner occupied investor loan but I do not have any experience with it.