And (B) it's a beautiful setup for big probability of snagging it post default, be it from the regional bank who financed it or whoever J.P. has entertaining liquidations when they take over asset's of the regional lender. 

Ohio, across the board, is affordable, has good rental scale per price, and favors landlords.

My tip would be to buy properties in desirable vs "affordable" areas.

Should I assume the in-place IHDA loan at acquisition or close with a conventional loan and try to get IHDA loans/grants/credits later if/when I decide to keep affordable?  

Knowing that someone who can afford a $500k house, can often also afford a $600k or even $700k, house, and will want more of everything (better location, bigger house, better finishes, etc).As for number 1, not even just paying it all up front, but working with any contractor that wants "percentage" draws.  1/3 up front, 1/3 half way done, 1/3 at completion.  

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The COVID bonus pay days are over so what they can afford to pay is really down from the height of the pandemic.

(Couldn’t really afford the place, didn’t have good enough credit to be worried about an eviction, etc etc..)2) They should have posted a 5-7-10 (depending on local laws) to “pay or quit” as soon as the ent was late and started eviction.

A beautiful, redeveloped apartment complex that is affordable to the community with A+ finishes

do no if they can get those back tax's waived if they do some sort of affordable housing ?