REOs have a framework, whether auction or direct through the REO agent, that you need to follow to maximize your chances of winning a multiple bid situation and you also have to keep bidding as the bids will get rejected over and over again.

I would immediately enforce the lease and move forward regardless of any stories within the framework of the law.His opinion of you, good, bad, or indifferent is irrelevant.

What the USPAP is, is a framework of how to approach an appraisal in the context of how to provide a credible appraisal to an appraisal client.

This framework allows them to advertise their offering and raise money from non-accredited investors, but it places limits on how much a non-accredited investor can invest.Most real estate syndicates use the Reg D exemptions, either rule 506(b) or 506(c).506(c) allows the issuer to advertise, but does not allow them to raise money from non-accredited investors under any circumstances.506(b) allows the issuer to raise money from up to 35 non-accredited investors, and there are no limits on how much the non-accredited investors can invest.  

TLDR: In this environment it's especially important to look at and to know exactly what you are getting for your money and if it doesn't makes sense within the framework of your personal REI goals, to walk away and keep looking or wait.

How does capital gains profit from LP participation fit into this framework?

@Vinney Chopra below is what we are using as framework for both crisis (operationally and financially) mitigation...Based on our market data (public and semi public) , we position is that we will go through a version of that Italy/France going though (e.g. key is congestion aka NY vs Texas) as well as Oil and Gas price impact into Texas economy ... 

My essential point was when you are dealing with a conveyance with no warranties, which we are here as well as in the non-judicial (or quasi) foreclosure framework, that requires you to do your due diligence up front... all of it... and also to factor the unknown into your bid. 

Of the 2 books mentioned, I prefer A Framework for Understanding Poverty (full title) by Ruby Payne.

The temp lighting is up and the house is down to its framework at this time.With that being said I've ran some numbers in my area and considering the prolonged timing I've seen this house go untouched I thought, "what the heck, I'll hunt down the owner."