"Title 28 U.S.C. 2410(e) - Whenever any person has a lien upon any real or personal property, duly recorded in the jurisdiction in which the property is located, and a junior lien, other than a tax lien, in favor of the United States attaches to such property, such person may make awritten request to the officer charged with the administration of the laws in respect of which the lien of the United States arises, to have the same extinguished.

(I understand this statement is not PC, but after 30+ years in the industry, I'm speaking from my own personal experience.)4. 

I personally wouldn't want to purchase bad assets, even if favorable creative financing was offered and I am confident I can accomplish more buying assets in a more traditional transaction than hunting down the unicorns.  

A person with a property in year 1 or 2 saying they have $400 a month in cash flow means they are missing a key metric in the information they are giving you unless the deal was100% financing and the only cost they paid out of pocket is the inspection cost, appraisal cost, and closing cost.

It all depends on what "too thin" looks like for you personally.

It's nothing personal.

You may need a construction manager (a guy a friend who is organized doesn't need to be a pro trades person but doesn't use or party) to daily boots on site be orchestrating who is on first and that no one steals your supplies.

This is the main reason why a project would fail and that’s probably what it is when you see idle building frames in the landscape.There’s another version of that same risk when the developer uses the money from his first buyers for anything other than the construction like personal expenses for example.

I was speaking at a conference a couple of years ago and one of the other speakers, an executive with an appraisal management company, pointed out that the average age of an appraiser in the US at that time was 58 years old.

Post the inspection report and we can take a look for you.What is the age of the house?