We also buy very unloved buildings under the assumption that we will be gutting the building and replacing almost everything ... so typically do not bother with engaging an inspector or engineer unless we see something out of the ordinary (in a bad way) or we are having a Phase 1 done.However, in the beginning before we had acquired our present level of comfort and experience, we sent an inspector into most buildings ... if for no other reason than to provide input into maintenance and renovation planning.

I looked at this area and found the pricing bad because you are competing with too many mom and pops.

At this point I felt bad for them because it was clear that they have no idea what they are doing.

I don't want a "bad reputation" any more than the next guy, but I don't think that is what results from honest fact-based offers.

Joists will be fine unless they’ve really been underwater for a while (it doesn’t sound like it’s that bad).

No love for Cincy.. too bad.

I hate to be the bearer of bad news, but if the property has already been sold and you have received the funds yourself, you are no longer eligible for a 1031 exchange.How long ago did you live in the property?

That's just bad news bears...3) Why on earth would they need someone especially the old property owner as  a go between amongst PM and new owner? 

I don’t like 1 year lease, and prefer month-to-month lease because I can kick out bad apples tenants anytime.

The government assistance part is good on the payment, but bad in that they have no skin in the game.