When our daughter was little, I also had a 6 figure job that was extremely high pressure. 

My grandparents intention for the property was to keep it in the family and would have been extremely disappointed knowing it was sold. 

On board next to you comes "Animal you have extreme allergies to".

But the building needs a lot of work to the exterior and my concern is that it's market value is extremely low because of this and many other defects. 

It's really just being neglected and with extremely basic property management could get positive and very lucrative cashflow.

I knew i'd seen this just a bit ago:  a TED talk, "While financial crashes, recessions, earthquakes and other extreme events appear chaotic, Didier Sornette’s research is focused on finding out whether they are, in fact, predictable.

Extreme hoarder houses have been our target the last 2 years..

Loopholes, red tape and costs of construction has made entry level housing extremely difficult to build and make any kind of profit.

So yes, I've seen people operate in this manner, but there is no denying that it is extremely risky. 

The resources and insights you both have shared have been extremely helpful to me thus far.