During this time, you should have enough equity to qualify for a standard bank loan.

There are other sites, too, with different prices (and some min. requirements).You could always give them the standard option of mailing a check etc., if that's acceptable to you.Regarding your "stopping eviction" concern.

It needed a furnace heater installed as it didn't have one or the venting needed for it, the water heater was in the kitchen not separated by any walls, a giant tree was growing into the foundation causing it to be very bumpy and cracked, about 1/4 of the INSIDE of the house was stuccoed, and a lot of the house wan't up to code.So, it was basically a brand new house needing to be built.

For example if majority is vinyl siding, ceramic tile, standard cabinets and laminate counter tops, VS wood siding or brick, marble or slate, custom cabinets, and granite counter tops.

I think more of what you are asking is how the occupancy level and accuracy will affect what kind of loan you can get and how much you will put down and how much the debt service will be.A regular lender at 90% occupied maybe 6.5% fixed at 75% ltv.If you get into value add deals you will pay points and a much higher rate to fund and lower LTV.You will then need to refi after stabilizing about 1 year out.So you build the carrying costs into the amount of time needed.The books will determine the verified income and actual costs.From there you run your desired cap going in and that tells you around the price you want to pay.Now if the books are out of normal standard margins you have to ask yourself why that is (deferred maintenance,undisclosed credits to tenants,disguising fees paid to themselves in other line items,etc.)

There are still a lot of people under water on their mortgages.

She also said because of the leak there was water damage to the floor.

You can look at some of the threads and blogs on wholesaling to figure out how to do that.If they cannot purchase a home then there is an option: You purchase a home and lease it to them (lease to own, land contract, standard lease etc).Have you considered buying a duplex?

Making a statement that we are globally out of hot water is not going to work.

This house went under contract twice and the last time was on September 22nd and on the door the city had left a sign on Spetember 23rd saying they have turned the water on, but looks like noone entered the property since then.