In my rentals in Cleveland I have tenants that are not on Section 8 but please believe that as each tenants is leaving I am ONLY replacing them with Section 8 tenants.Don't worry too much about the neighborhood Clarence because you are not living there.

@David OlsonI am in no way an expert at this but I believe when you are making a cash purchase the main team players are:Attorneys, Title Company, Inspector and Appraiser (occasionally)Attorneys: Using legalese to get the purchase contract in writing Title Company: Perform due diligence to make sure there are no liens against the propertyInspector: You already covered thatAppraiser: To determine the price of the property at its current state and after repair value.

While a solid investment, I can't believe that prices will increase much more.Lowell and Lawrence are around $500,000 for a decent 3 family and rent at about $1500 each unit. 

He believes that the judgement will be removed any day now and he will be cleared for the FHA loan.

Sweden, Switzerland with negative interest rates, and all the financial insanity of the last 10 years would lead me to believe someone would buy as a negative return investment, for tax reasons.

I believe it is only available to realtors however, so you would need to link up with someone. 

I think its going in the right direction then; the owner will be 78 years old in year 5, and I believe he will want the income for another 10  years or so.

I find it hard to believe that my assessment would be decreased and by law I'm not required to do anything. 

You should provide a list of items you believe need to be repaired/upgraded. 

@Mark K. hmm interesting I’m wondering what will happen in this case being that their lease is up only a month after and I do not believe I have to honor it for Washington’s laws