So no matter what it is called and marketed by the verified numbers tell what is really going on.I think when you get into it you will find those tenants leaving in a few months you will need to dump thousands to get the units rent ready again and the impact to the numbers will be substantial.From the sellers perspective it's human nature to want to find an inexperienced buyer.

Humans are notoriously bad at getting their heads around "sunk costs" and dealing with them in a logical and financially optimal manner.  

A couple weeks ago the local Habitat for Humanity Restore was selling composition vinyl tile for $0.20 per foot.  

There are "discount" stores, surplus/outlet stores and habitat for humanity "restores" in my area that have great deals, but a very spotty selection.  

I think if we are going to analyze the efficacy of something, in this case the process Grant acquired the real estate, then it's fair to see what that individual's goals or restrictions are.To be fair I have not read his book but I think human behavior dictates that once you reach a certain level of comfort with a task, efficiency takes a back seat to other concerns such as convenience or other issues.

Habitat for Humanity?

Be careful in this... without leases and background checks, they sound like warm body tenants... they're there, but they aren't paying rents and they are likely to be professional tenants. 

The irony is I wouldn't have to as I would have more money to invest than I probably humanly could.

David,As a car guy, I'd say that even not running, if it's a mid-70s era two door and the body is in good shape, you could probably still get a couple thousand for it if you post somewhere like classiccars.com.  

I am currently interested in purchasing a city-owned property, but before I send the city a letter of interest I would like to see if anyone on BP has experience purchasing property from a city (Or government body) and what tips they may have.