We attempt to evaluate drainpipes by flushing every drain that has an active fixture whileobserving its draw and watching for blockages or slow drains,but this is not a conclusive test and only a video-scan of themain line would confirm its actual condition.

Although I have some cash to buy one, maybe two of these outright, I don't want to get stuck in a situation where I can't easily pull money back out with a refi and, from my research and attempts to contact lenders so far (including some smaller banks, credit unions) they don't like to deal with houses in this range.I'm wondering if there are other types of real estate investing I should consider looking at where I would have more financing options available to me but I wouldn't be as exposed to a potential crash?

Attempting to restart this conversation due to new headlines from the FHFA.

and second attempt... well not sure who gets the blame, I guess it ultimately falls on me, I picked the lender... on a positive note I’ve learned a couple valuable lessons!

I have attempted contacting the owner to offer them cash for keys if they let me inspect inside and agree to leave it in a neat condition, but have been unsuccessful.

NJ just enacted the "New Jersey Foreclosure Prevention Act" in anticipation of the wave of foreclosures after the Moratorium Expires. 

I would first attempt to collect from the non-paying tenant.

Hi, All,This past weekend, an attempted robbery and non-fatal stabbing happened right in front of a tenant's home.

@Bob Ross The factors that contribute to an investment being worthwhile or not are not as complex as people think.People complicate these factors in an attempt to delegate responsibility to non-emotional rationale and maintain loyalty to the "does it pencil?"

Attempting to collect enough from the option to where his option actually covers my acquisition cost (down payment & closing etc).