A simple exercise is to go to BP's Housing News & Real Estate Market Discussions then go to the last available page.

is in your low value asset rust belt mid west.. were your dealing with 10 to 20k houses in the first place. what value will they have if its some huge number to remediate  these items, I can  see a scenario were houses will just crumble to dust as they don't have enough physical and economic life in them.. 

The landlord filed the eviction action in retaliation for the tenant exercising a tenantright or because the tenant complained to the building inspector about the condition of the rental unit.As long as you did not violate the above or do any turning off any utilities, changing locks etc. and no mistakes made on your paper work, AND it is simply a matter of NON-PAYMENT, then IMO it's pretty much a slam dunk to win.The friend I spoke of previously had a tenant file an answer, however when the court day came the judge 'dismissed' the tenant's argument, (sorry don't know what it was), and judgment was awarded the owner (my friend).Good luck to you...

Go through the costing exercise on at least 10 projects before looking at one to actually purchase. 

After months of both legal wrangling and game theory exercises we have this matter resolved.  

It's bricks and mortar, not quantum physics.

@Brian Huber Let me ask you a question, you too Lonnie, I didn't down load the LOI stuff or the Option, but lets say I buy off that option contract, I give a half of ton of cash, then 6 months later I give you notice that I intend to exercise my option and purchase in 30 days. 

I don't know the rules in your area, but you need to know them inside and out.I see 5% for physical vacancy, but what about economic vacancy?  

The physical and sexual abuses were beyond belief, and no one seemed to care because I was the mentally retarded, spazzy loser with no way to communicate, and most likely no one who would have cared if I could.I was told that my son would never walk or talk-and that is BEFORE he got sick- and he now, at 20 years old, owns his own home free and clear, teaches extremely basic code to Autistic children[ actually learning with them, not the sterotypical IT Autistic],is working on the third book in a fantasy adventure trilogy he is writing, has cleared most of the trails in the location that will one day be THE Autistic retreat center of the world, and he has already been approached about management there.  

The “option price” is decided upfront and put in the contract, which means should the tenant decide to exercise the option to buy, they have agreed to buy the property for a set price.