Did you investigate similar properties in your area?

Educating yourself and gaining knowledge and information on 2 foreclosure Defense tools: Securitization Audit and Forensic Audit.

I'll add that my major reason for investigating each below.

I'm investigating but believe the property is owned free and clear.

Lots and lots to learn.Multiply the amount of time you've investigated this ARV $297k one by about 100, and you might get ONE motivated Seller who will accept your lowball all-in at 70% value Offer.There's literally thousands of previous threads that you can look up about "finding motivated Sellers".

I know some local restaurant/pub owners that might be willing to support something like that - looks like I have some investigating to do!

Guess I'll keep investigating.. but probably should stay far away from this property.

Along with the usual caveats concerning cash flow, you might wish to investigate the local government, as well as local ordinances.Are they pro-renter or pro-landlord?

You could investigate by studying the foreclosure file and finding out what may be causing the delay.

But in the end I'm still going to need to investigate both sides of the building.