I've found some of that already today and am going to explore the rest soon.

The rest of it may not apply to you now. 

Also take into consideration of people sharing connections, only one person pay and the rest of the block share.  

Is it official to the tenant like "you were advised"?

At the beginning of September they paid 560 and said rest of rent would be paid following pay day.

Depends how much the plug costs, compared to Realtor dues.Interesting tidbits: Move has to license the use of the name Realtor.com from the NAR and the NAR feeds Realtor.com listing information directly, every 15 minutes, as it's used as their "official" site, even though they don't own it.

I'd live in one unit and rent the rest out to cover my living expenses.

Do I have to mess with a double close where I officially buy it and then sell it 10 minutes later?  

Then I went back and listened to the rest just to hear the information and hopefully learn at least 1 thing from each.I have already read the Ultimate Beginner's Guide to Real Estate Investing.

Details matter in posts, none of this is what it seemed trailing in from each post.So, here is what we have that matters so far:Offer to Short Sale:  $240,000 ($80,000k cash on hand / the rest financed)First:  $700k will short at $211k (holy cow - blood bath)Second:  $75k will short at ????