I completely agree with you.  

After the transaction is completed the seller will assign ownership of the deed of trust or mortgage to you.

How many months would it take to complete the work you’re hoping to do to the neighboring homes?

@Matthew Paul I agree completely!

I was initially thinking, if this is a complete gut job, everything will be essentially be brand new and i maybe able to attract decent tenants.

This time, IF we let you have another ride on the Ninja bike/ (i/o) loan, we need you to promise that you'll to respect the bike's power and not be a complete fool/ financial moron!

I know that MF properties are valued by the revenue it generates but I still want to compare since we are reaching out directly to owners and dont want to go in completely blindsided.

No pets and non-smokers.Property Info:3 Bed2.5 BathAttached Garage1976 SFBuilt in 2006 (has been vacant since 2011)Property is in excellent conditionHOA responsible for all exterior maintenance and repairsIn a well cared for 300 unit development Property numbers:Into the property for $127k (currently borrowed at 5%)Current Property Value = $165-170k ( the property will be worth more as soon as the lawsuit is complete) Annual Property taxes = $5400Annual HOA= $2400Insurance = $800What should i do?

However, I mostly only purchase complete gut rehabs anyway so its not THAT much extra work for me. 

My goal here is to create a golden thread that a beginner can follow to get to a solid rental investment that puts cashflow in the pocket and with an added element of a little fixing up, the potential to complete cash out and do again with the same money every six months.