@Brian KraftHere are the different options we offer:Option #1: Continue to pay rent until your lease endsThe tenant can move out but continues paying rent, utilities, and follows the terms of the lease until the end date.

What asset class are you focusing on and what strategies are you looking to utilize?

I am fairly new to BP as well, but have found it to be a very great platform.Stay tuned in, utilize keywords, and build your network.When facing expensive real estate, just brainstorm on strategies that you could utilize if you had the money.

Lastly the owner admits that they are going through bankruptcy because of utilities.

I'm not sure of your plan on the utilities.

He rents it as furnished units and he pays utilities.  

For example:Laundry IncomeStorage unitsPartial utility reimbursements (if, for example, if you charge tenants a percentage of the utilities because you have to pay them.) 

Utilities, age, maintenance.

By utilizing borrowed funds it is possible to do more expensive projects or to do a larger volume.An experienced Hard Money Lender is a good “deal barometer” in that the good ones are in the streets daily and can quickly analyze a deal.

I've utilized the wholesale calculator on BP and I believe come up with a good offer but would like any additional insight the community can provide.