They said to call and get your spot soon since they are 4 weeks backed up. 

Your comment about the late payments and timeframe is spot on... there are people who eventually get their act together but the ones who are still making late payments aren't among them.

I cannot imagine that the tenant would want to go through an eviction immediately after a bankruptcy though, as this would really put them in a bad spot for finding another place to live.

Maybe you'll spot some holes or maybe you have a few things to add that could improve the plan overall.

Check rates and how full similar property's calendars are to get an idea on what you could make with a similar property.Then you can run the number son your mortgage utilities and misc expenses and see what it looks like.If you dump all the data into a spreadsheet with hyperlinks to comparable properties it is easy to spot trends and update your numbers for different variables.

I would be purchasing the property and renting it out long-term.The affected foundation area is located next to a crawl space.

This is a standard method of construction for the time of construction.An inspection of the north foundation wall from the crawl area revealed large, fairly horizontal cracking/distress along the length of the wall and vertical cracking in the NW and NE corners.

One of my weakest spots is in doing repair estimation and really needed some eyes on with someone that had experience.Find local lendersI was skeptical at first.

@Matt Smith, cheaper houses in less stellar spots sometimes require more hands on work. 

Does this house have a crawl space under It?