If you care and it bothers you, raise their rent another $500/mo for the hassle.

If not I wouldn't bother selling as there is an incredible amount of money lost in buying and selling properties, so you have to make sure you have a plan to maximize the equity and actually have enough. 

Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!

I know most people are going to tell me not to bother, which is fine, but that's not really my question.  

I assume their realtor knows they wouldn’t and therefore isn’t going to bother submitting your offer.

This gives you a better opportunity to do STR or MTR and not bother yourself or the LTR tenant with more people coming in an out.3.

Asking for a friend who was told by his PM (reputable) to ignore it and that most investors don't bother to get their Grandview properties inspected/registered with the city. 

If it was a once in a lifetime incident I would not let it bother me, if this occurs frequently then I would pass. 

Unless this is some type of homerun deal, which I assume it isn't if the mortgage is upside down, then why bother?

Hi, pre foreclosure in all of its permutations, before the bank sends Notice of Default (NOD) or efter which is state even county dependant but often starts a 4 week clock till the trustee auction are the 2nd most difficult deal scenario and IMHO only experienced investors should bother, the 1st most difficult deal scenario are bidding at the court house steps on lord only knows what is being auctioned off sometimes even 2nd mortgages, you need to do so much home work to attempt to reduce your risk at the court house steps...Pre foreclosure no one talks about these issues, always about the nice sounding stuff like "motivated seller" get a good deal etc etc both are usually not the case.- 95% of folks in pre or post NOD want to stay in their house, keep their house inspite of them 100% will loose the house at the auction.