I think it could be a great opportunity but there are too many unknowns for me at this point.This is good to know moving forward. 

Remember, if there is attractive available financing or you’re willing to do a seller carryback, you can likely expect a higher price and a lower cap rate.In summary, there are many other unknowns.

But the fear of unknown when leaving in 3 years and would hate to be stuck with the property.

They did not outline a date and all the details.The real impact is still unknown  There will be winners and losers.  

I bought a property (condo) at a foreclosure auction and I am waiting for the deed. I have been by the property a couple times and the blinds are closed but there is a light on inside. I have knocked on the door and n...

I have a little bit of a concern because I will only have $800 dollars per unit each month for the unknown.

As others said don’t buy poisons only snap traps or glue traps .when mittens or Fido mysteriously cross over into the great unknown you will be the first person the tenant will be looking to sue if you use poisons

It certainly could be a great deal also depending on the unknowns, I generally assume the worst case.Give us more information and we can narrow it down better.   

Even non-recourse debt still leaves the asset at risk if you're dealing with an inexperienced or unknown syndicator/sponsor. 

Am I as the buyer able to sue the owner of closing company/person who conducted title search due to fraud/negligence or do I only have a breach of warranty case against the previous seller (who is a master of setting up and dissolving LLCs to conduct similar high risk deals - unknown when transaction began)?