@Erin Wysocki The best money you will ever spend is to sit down with a RE attorney for an hour and ask them about Foreclosures.  

Will I be able to resell as it sits?

We'd like to spend 120-125, and the house is currently sitting at 170k.Normally, I wouldn't even bother with something that over our budget, however I noticed It was orginally listed for 199k, but has dropped 7-8% every month since.

Also, if you are a local professional that specializes in these kind of issues I would love a sit-down.

Also, if you are a local professional that specializes in these kind of issues I would love a sit-down.

I have a tenant in a house that has a Harley sitting in the one stall garage and parks both their cars in the driveway. 

I am a little concerned about that and kind of thinking I should delay a few months and aim for having it ready by early spring so I don't have something sitting for too long.  

Helped me by pass time driving on the road as I sit in the car 3-4 hours a day.  

I already have gotten a funding approval for this property, and now I am sitting here in LIMBO.Another seller I have contacted owns a house that will probably need to be torn down.

You would be better off getting a pharmacy built with solid construction sitting on 2 acres and a hard corner for the same cap rate with no rental increases and more tax write off.I have some triple net buyers but many of my clients have moved to the retail strip sector.