Are they looking to reassess the property for an increase in taxes possibly?

I know I wasn't sure which way I wanted to go when I got on here at BP and after listening to so many podcasts, reading article, I just knew Multi-family investing was my 'thing'.

Only difference is increased bonus depreciation on equipment, but the theory and methods for everything else remain the same.

A 20% down payment would make the mortgaged amount $160,000 and your monthly cash flow would increase by about $108.  

Delinquent HOA assessment not paid by the foreclosed owner is a common problem that becomes the burden of the new Buyer, who has to settle with the HOA.Do the (sometimes) excessive HOA back dues increase the Cost Basis of the property that can be written off against ordinary gains or does it expense out (as passive income) on IRS Schedule E?

I'm not sure I like the idea of charging rent for each spot as this would assume you may be able to increase rents which may or may not be the case. 

I get I'm not going to get the best unit in the best neighborhoods at a pretty low cost but my thing is the tenants.

What they're wondering is if they could sell their lot to the same developer who buys the tear-down, allowing the developer to get extra value by increasing the lot size.

Increase income, build lasting friendships and networks, give back more then you receive, teach others help others give praise to a higher power, love all mankind.   

I use employment info, increasing population, state of housing market - I like housing shortages, etc.