I simply can not see cashbuyers being desperate enough to CHOOSE to deal with foundation issues.

The banks are simply being compensated for the higher risk of doing a commercial loan. 

Can I simply trespass him from the property?

I know investors who regularly skip cap rate valuation altogether and simply use PPU valuation because they are heavily invested and so familiar with a certain area.So the relationship between cap rate and PPU is that PPU valuation can sometimes be a quick substitute of cap rate valuation.Cheers...

There was no communication and explanation what was happening and why, but simply asking for access to the properties for appraisal. 

The only time it would make sense is if speed is a factor - meaning you can get an amazing deal on the property but must close super quickly - something most banks simply cannot do. 

those items can come into play as your portfolio expands.to start, simply find find a decent property that isn't too overwhelming and learn by doing. 

Or do you simply find a new house worth perhaps 50k and rehab it for 30k, refinance?

So attempting to make this my first investment in my BRRRR Strategy and the fact that I can apply for a 301k loan if what I mentioned is accurate then this might be a great opportunity for me.

It could also be a sign that there's an opportunity there if the current owner has simply not raised the rent in 20 years.