Take the time to check usage/zoning maps. 

@Jonathan B.On a reverse mortgage no, but if it’s going to foreclosure then it’s typically because it’s upside down / under water or there is no heirs.You could call the attorney and ask if they will let you know what the opening bid or payoff is on the property or do a case search on the county website and see the complaint as that will typically tell you the amount.

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Hey Joe, Flat roof leak detection can be hard because the leak may be some distance away from where the water intrusion shows up inside the home.

I am sure properties on the water have lots of potential. 

Ensure proper        documentation and usage of addendums.

Usually when paint 'doesn't stick', it is because someone applied water based paint over oil based without priming first.

I'm basically at water level on this, and I don't know that other investors could make this cashflow any more than I could without me selling at a huge loss. 

Do you look for an acre with city water and electricity and build on that or do you put in your own?  

If you have rain water run off to their yard they will get you finned.