Would anyone advise staying away from this deal (Example if fixing the uneven floors could lead to eventual cracks in walls due to shifting of the foundation)?  

We are getting ready for the next burst of opportunity as the Utah housing market prepares to shift in a different direction.

As the real estate market continues to shift, investors are finding it increasingly difficult to make deals pencil out.

I guess in the end it's a personal choice based on your beliefs.I wouldn't want to be involved in projects like that knowing the living conditions.If a quality project was built then that would be different but not slum lording and taking advantage of common people and exploiting them.What you would need to look at is the CYCLE of the boom for jobs and what the picture looks like when the project is complete.Development of large projects can take up to 3 to 10 years to complete and get fully operational from the initial phase of research and development and site selection.Development can have a large risk as by the time the units hit the market other developers could be in the game as well.Then you can have with a market shift going from under saturation to over saturation of product.Then the expected returns you were planning to get could be diminished.Also in the first phase of the project market demands could change changing how you build out the units and increase build out costs and time lines.Yes developers can make big money but they can also lose huge money and I have seen it happen.You have to be very careful with projects like this.

They have transferred all the utilities to their name and on the 1st they said they won't move until 10th and now they are telling they are out of town, in the day shift/night shift and different stories but not sure if they really intend to move or not. 

That the equity in the properties has just shifted, and the bank would be willing to allow the sale of Property 1 on its own for anywhere up to 100% of the proceeds going to pay down loan principal and not requiring more than 100% So my questions are this:1.

With that said, wouldn't that, in turn, cause your ARV to shift downward as well?

So, I am looking to make the shift from my "normal" 9 to 5 job, to a job in property management.

After that I worked as a state corrections officer making $11/hour on the midnight shift.

That means, I have to get up at 4:30am to get ready for my 8 am shift :/ and I get back home usually after 6pm.