Can usually be fixed fairly easily and use in your favor to negotiate lower price - when I do home inspection I make seller think house about to fall down!

Hope this little bit of info helps.My exposure to real estate is through REIT's because I live in the NYC area and I don't like the idea of spending a gazillion dollars for a building with paltry cash flow and laws that are waaay too in favor of the tenant. 

(I live in Denver)I'm looking for an attorney to go over the PSA to make sure it favors me (the buyer) in this transaction.  

Once you have a lender you are comfortable with they should also work to help you get your credit to be as favorable as possibly so you get best rate and that could take several weeks depending on your report.

Personally I think you can find markets that have great appreciation and cash flow (and more favorable business climate and less punitive landlord laws) but just like people opt to live all over the US for their own pros/cons reasons, people invest all over as well. 

The judge has to rule in his favor, unless the taxpayer redeems.

Tenants (and buyers) favor it. 

Since these are duplexes on three lots - we hope to leverage conventional financing for the most favorable terms available.

This asset has additional hair on it-- we foreclosed on the property last November but the former borrower filed a Motion for Relief from Judgement, which was denied.

So for you to get a tax relief, can be difficult, but doesn't hurt to ask a qualified CPA / Real Estate Attorney, but odds don't look too much in your favor..