anyways, my questions to BP; is this a good way of raising capital? 

Raise the rent. make it work a few more years and the debt will be done.

My wife was raised just up the road from you in Hazelcrest in the mid '60's.

Stop considering, make a decision and take the action to test it.

Even if he has to show the seller your offer by law, he will advise the seller not to consider it without proper POF.Additionally, when POF is a given in transactions nowadays, not providing any POF raises so many red flags, the seller would literally be stupid to execute the contract.I think @Annie Bliss gave you the best advice so far if you really have a great deal.

I am currently successfully running a Fitness business in Thailand but will be relocated back to where I was born and raised in Portland, Oregon soon.

I live in Philadelphia (born and raised) and I no of no areas within the Philly limits such as you this ghetto.Also, why do you suggest advertising in the Philly Gay News? 

But there are plenty of other ones that are reasonable turnarounds (enforce collections, get rid of Park Owned Homes, submeter water, raise rent) that I do see @ 10%.

My firm raises capital in the form of proprietary private equity for investments and structures joint ventures.We specialize in condo high rises and multi family townhouse developments etcIs this your area of expertise?

Raise the rent and buy some more properties!