Smells like some opportunity, especially if you can get a deeper discount.

A day or two earlier I had spoken to a person who was at Unit 1, and that person would not give me a straight forward answer as to who he was and where the person who is supposed to be on the lease currently resides. ????????

Usually, if you can buy a property at a discount including the repairs and the cash flow makes you happy, you can call that a good deal.  

@Hattie Dizmond  I have downloaded all the podcasts & will start on them straight away.

Do you mean to buy properties at a discount then resell them?

You might be able to save money if you self manage, or as in my case, my manager gives a discount from 10% to 8% once she started managing more than 5 units for me.  

If you foreclosed on the 2nd, then you'd be the owner, negotiating a discount on the 1st as the owner (as opposed to the borrower).  

While searching for options for an HELOC, I found this deal at Navy Federal Credit Union. 95% LTV (less any existing mortgage) for personal residence; 70% for investment propertiesRate as low as 3.99% depending on credit; .25% rate discount with direct payNo closing costs as long as you keep the line open for 3 years; it stays open for up to 20 yearsYou can see the details on their website.

Basically, if I find a discounted property but it needs repairs will that be covered in the loan if needed?

If that apartment complex goes on sale, will it be heavily discounted?