One of the owners responded and we have been able to negotiate a deal.  12 unit apartment complex; 6 two bedroom and 6 one bedroom units. 1960s, single story, slab construction, four sides brick, C condition, fully rented.  

Why are these things in the condition they are in? 

@Joe VilleneuveHaving a better idea of the property condition in real time, controlling who moves in next door, maybe savings on repairs by combining primary and investment capex expenses (IE, a painter might give us a better deal painting both properties at once), really knowing tenant and planning for future lease extensions or termination.All arguable of course.

Need Valuations / Current condition / Pictures. 2.

They've been very slow to respond to things that are not arguably directly health or safety issues, but this house is falling apart.

In my experience, the foreclosure homes are in horrible condition and take extensive rehab.

Like I said, after Dodd-Frank looks like the banks are just good for a "vanilla" loan condition. 

Hi @Dane MacLeod, Usually at the level of doing hundreds of homes business owners are using a mix of both the personal credit and the health of the business. 

I determined that, in the long run (assuming your properties are in good condition), you are better off with larger deductibles because the amount you save in premium should be more than enough to cover small occurrences that are below your deductible.

We do not want to renew the lease, since the house is in very, very poor condition and she is usually late with payments and the rent is way low compared to others around.