@Ben Pepin I was in the military for 8 years and bought multiple rentals when I was surviving!

Some of these arbitrage operators will not survive. 

NO lender who has overhead and such can survive on 1k or 1500 a file .. unless of course its their own money and they are just one man band. 

We have noticed banks are eager to have businesses that need mortgages, lines of credit, ect to survive and grow - but small operations that only need basic banking services are less desirable as customers. 

The lower the break-even occupancy, the more likely the building is to survive times when tenants are not paying rent or are hard to come by.Preferred ReturnsThis means that investors must receive a certain minimum return on their investment before the sponsor gets paid.

The second best is to fix it up to the point that it will survive an FHA / VA / USDA appraisal. 

If you can survive without this cash flow it’s a no brainer.

Survived the last recession.B.

HOA fees survive foreclosure.

If they took the deed with "joint ownership" as opposed to "owners in common", then the surviving owner inherits the property and it doesn't go to other heirs through any sort of probate process.