From what I understand I can borrow up to 50% of its current value.  

Apologies that I don't have a better response...will see if I can get a better understanding and share what I learn.

Your responses may be the missing pieces in understanding why the properties have been on the market for some time and the drastic reduction in prices.

Hi everyone,I live in Hong Kong and just starting investing in Real Estate here.I have a very good lead, let me present it to you all.In a commercial building, the man own a office room high floor, he bought that office for investment for a year ago, he did not touch anything in the property and put it on the market for sale with a large markup.After a 9 months on the market he decided to lower the price, still after 4 month with the lower price no buyers.I then come in and ask the seller if he will consider owner finance on his property as he only have a small loan that is nearly paid.The owner said yes to owner financing and waiting for my offer.I have visited the property and understand why the landlord have not been able to rent or sale, the place was previously owned by a church, the all atmosphere and decoration is very much like a church... so really difficult to rent it as it is for office space or similar. 

Account ClosedI read this entire thread and I can understand your frustration.

Clearly understand what the fair housing rules are to avoid getting yourself into trouble. one of the units is section 8, learn the rules regarding section 8.  

It doesn't matter if they are currently for listed for sale or not, I just want to understand what's out there.  

I am in the process of finishing real estate school to get a better understanding of what I'm getting into. 

Hi Douglas,Sorry for the job loss I understand from that experience.Great that you are venturing into RE. 

I have done a limited number of deals in other states (while living there), but would like to gain a greater understanding of my current market.