That 3,700 reading does sound very high when compared to "The EPA’s standard for lead in bare soil in play areas is 400 ppm by weight and 1200 ppm for non-play areas [EPA 2000a]" per the CDC.

That's the bare bones, add more detail as you see necessary.

They won't cash flow or will barely break even though. 

The past few years have been really rough and start to become barely break even. 

If it rents around 4400, you will barely cover the mortgage, never mind the insurance and property taxes on of that.

May be they know this and are doing the bare minimum to stay put.

I think I'm going to put some top soul and seed on the bare spots.

I also flip properties in Pa, where if I did buy a multifamily to hold I can find 8+ caps, but my appreciation would barely go up.

That rock solid $8 Million, recently rehabbed, fully leased, Manhattan SFR that you only need 50% of LTV, when you have done 30 flips before and your credit score is 850 and you can give the HML what he considers ample time to do due process, underwrite and close, will give you a heck of a lot more chance of said HML exercising his (or his CEO's) discretion...... than when you are barely scraping the minimum $75K loan size, have no experience, the property is in Nowhereville (Population 3.), you have a credit score of 420 with a recent foreclosure, you demand the money in small unmarked bills in 48 hours, will complain over every fee, point and percent including spending hours on the phone arguing that the lender has to pay the appraiser and why should you provide any docs whatsoever, and by the way you can't speak now because you are busy running narcotics across the border at the moment on the run from the military, and the lender can just tell that you are the horror customer that will take up weeks of his time and grey the last remaining follicle on his head all for a massive $1.95 of personal commission.;) 

As long as you, A) Want a part time job, and B) Are satisfied with the pay for your 50 hours per month, fire away!