It could have been kept alive with cash or perhaps private money if someone was okay with cash flow and no appraisal.Sounds like you have a good property and just need to see it, get aligned with someone you trust that can run true comps, take a look at the main house if you can, and see if the 203k is going to be an option with that particular property.Hope that helps.

In your experience, have you found that to be true as well?

Well everything that I’ve read online about these “free” seminars is unfortunately true.

Here are some tried and true methods to find good brokers in any market:1.

I've been repeatedly told there are no good ones and now believe that may be true. 

However I am running the issue now of determining the true value of the property. 

You cant just say "rent is 1% of purchase price" as if that somehow makes it true.

If it sounds too good to be true 😉.Also - billboards in most areas are crazy regulated.

12 month because it gives you some control over when vacancies happen (you can also do whatever month number will put you in a good position), for example if a unit goes vacant in winter it is harder to fill and may rent for less while the opposite is true in spring.

In a true downturn many of the people who've been "waiting for the downturn" won't actually buy because it is scary and the argument will become people trying to catch a falling knife.