This was very common in 2008-2011 when values declined

Would you pass on this potential tenant or look pass it?

@Jeff SullivanDo you currently have RE investments here or just looking to break into something?

Any preferred vendors for this and recommendations on the best way to set this up? 

I am not sure that link will work, but this will give you a link to them.   

Thank you so much for your help! 

I am looking for a 4-plex in the area and I have a difficult time finding good deals.

That helps.

there are so many forum posts on BP from folks who bought a random property in a 'low cost' market and got crushed by deferred maintenance or challenging tenants.i looked at a few of your other posts. 

I'm new to this group and excited to be here.