I can only assume its located in a rapidly appreciating market where investors are willing to suck it up for a couple of years and let price appreciation do the hard work for them (always a risky gamble in any market).

Time, money, location, & network.Since this is on the multifamily forum I will assume you're talking about being an investor in apartment buildings. 

one large disadvantage  - if you need financing on it  - loans are not the easies to locate for condotels and for the options that  are out there - pricing is higher than " normal pproperty

I am located in northern New Jersey and am looking for driven and hungry individuals to help me assemble my best RE team.

So here are some details on the property: it is located in a prime, very central location in the old town of Lviv.

I've been using the Moore Team - they'll do 75% LTV on the rehabbed appraised value after 6 months. https://www.fairwayindependentmc.com/locations/geo...I work with Bob Nolan there - he's great! 

Since I can't locate and set fire to the offending unit, I'm hoping there are preventative steps to keep them at bay. 

In these locations, we rent furnished rooms, since most international students are arriving with a suitcase and ambition, this approach has proved to be popular.  

At this point I just do a driveby, I am more concerned about location, neighborhood, size of house and property than how distressed it is.

@James SyedI worked with the VP & Branch Manager of the Rock Hill location, and he directed me to the right people after that.