@Caleb Rigby  you always want to physically inspect what you buy..so this is a good outcome good luck

I thought at the least I could physically confirm the address that was given to me.

Most have a basic allergy to mathematics so you have to make sure they haven't "accidentally" made a mistake.  70% of brokers don't know the difference between cap-rate and cap-ex.Have you physically been to the property yet?  

In WI there is no duty to disclose, as it is not a physical defect to the property, I have been watching one in my area for some time now, and buyers have been scarce, the issue is it is stigmatized, even though you are not required to disclose in WI, everyone knowns, and someone will tell the next occupant, that may be a problem. id say unless the deal is so good you cant pass up, leave it alone.

Here’s what I would want to know and how I would do the exercise.

To avoid the entire issue, I provide a seller concession as a % (usually 3%) that declines the longer the TB takes to exercise.  

or $2700/month cash flow which almost pays for the rent of $3000 on you primary residence.So the reason for this mental exercise is what about a fairly expensive car purchase  (MSRP $48000)Scenario #11) Lease :   $3000 downpayment and $600/month for 36 months at 12,000 miles/yrtotal cost:  $24,6002) Financed:  $5000 downpayment.  0.9% rate.  

Find out which people in pre foreclosure are not shortsales then physically knock on their doors and see if they will sell.

If they do not want to have more investment property they can 1031 and put their money into a DST which would offer them passive cash flow without having to physically manage a property. 

Six months later I exercised my options and bought all three properties with six months equity already built in.This is in Oregon so I can't speak to the rules and regs where you are at.