We aren't talking about a wise buyer who understands value and pays more because they can afford to because of other intrinsic values to them, we're talking about Joe Public who is led to believe the price is reasonable when in fact it is not.Don't get me wrong, I'm all for free enterprise, open markets, but there is a line not to cross in dealing fairly with Joe Public, especially in real estate. 

When we foreclose on a tax lien we get the properties at very low prices so we can afford to self finance.

Just can't afford to.

Most of the property I could afford have what they call a maintenance fee that varies greatly, can be from 150$ to 600$ depending on the property.I would like to know what these fees are based upon ?

I did get a "we are working on it" email but that is USELESS and FRUSTRATING. 

I would gladly gut her apt. tenants don't understand if I start renov with her in it. her life will be uncomfortable.but now she complains neighbor got this and that..she still living with old amenities. and she pays the most rent. other unit is studio and 1 bed at 500 & 590.but those unit were vacant at one point in time and I renovated during the vacancy and push rents up.should I leave the unit as it is. she can't afford 900. and it coming towards winter. all together good tenant.my husband wants her out but we don't really have cause bc although she is behind. she took up 2 jobs to get almost current

Lastly, 1. depending on where the property is located, you might be able to raise rents and still be inside the rent cap. 2. if the property currently has debt, most Agency debt have restrictions that survive the LURA and may further impact you ability to take the property out of the affordable housing stock. 3.Are you under and HAP agreement?

Plus you get other tax benefits of having such a big property.Again, it all depends on how well you buy, but I can afford to be patient and wait for the right deal.

Maybe I am missing something but even though the mortgage may be getting paid off and your making a 10 percent cap rate I don't see how you would survive say a roof repair or even afford property management. 

So they get a shorter time than the appeals process would afford them, I get $300 more than I would get otherwise, and at the end of the 2 weeks they were out or the sheriff would have locked them out.So I recommend you not try to self help on the first one, although you are doing lots of valuable research.