Dakota county sent notice about possible eminent domain to my family and 3 others.

Further, I think you're saying the original owner also signed a modification raising the 1st mortgage balance without any notice to you, adding $25,000 to the cost you'll have to cover to obtain the home yourself in foreclosure? 

I say potentially because although 3/2 is common in the area these style of property is not.

I noticed after I posted that there are rules against asking for mentorship but thanks for the welcome.

Fannie/Freddie commonly do some fix up to their reo’s.....from preservation type repairs, new roof, to complete rehabs.

I would love to meet people in my area but notice that there is not much activity in the Salt Lake City area.  

One point that I have not seen mentioned is the ongoing CAPEX / Reserve allocation; Common area upgrades / refinishing, Roof, Cooling Towers, Boilers, etc, etc. all have to be done at some point as you know from your residential experience.

It is not unheard of, but I'd imagine it to be a bad business practice not to allow flexibility if it spoils the deal. 2% buyers commissions in my area are very rare. most are 2.5-3% sometimes subtracting a small transaction fee (something else that is odd to some and common to others).

Message a moderator or reply to the notice you got and they should reinstate your access.BP holds a pretty strict line or the forums will quickly get overrun with spam like most online forums.

The following is the way our negotiation went, notice I'm not a very smooth negotiator!