You'll likely have more opportunities with going after listings, since you don't have to convince the seller to take a low price but you still get paid when they sell. 

Right now the multi-family market is hot so there are more buyers than sellers, you may have some better opportunities with SFH's.There are some great books out there that will help you such as @Brandon Turner 's 'The Book on Rental Property Investing'.

Other than this issue this is a great deal well under market value with great value-add opportunities.

Looking more for wholesales/flips, but this opportunity seemed good and was brought to me by my realtor.

I just follow my criteria and pivot to where opportunity lies.Follow the down slopes on the graph and you could have this conversation at many points on the way down.

And if they do they will probably give you the opportunity to remedy it (transfer it back into your name).

@Joe Ellis - looks like an opportunity worth exploring more.

The midwest has plenty of opportunities.

LOL that one floored meI had opportunity over the years to do some yacht loans and I thought no way they sail off to the carib and they are gone.. same with Airplanes..

I bought my first property near 54th and Walnut, and feel good about the area's long term opportunity.