From my limited experience (as a non-lawyer), judges will rarely enforce specific performance on behalf of the seller/force the sale of a property. 

Banks won't lend on it like traditional investment properties and often times unless it is agricultural or recreational, there will be limited income generated by the property until you sell it or develop on it.

Do you have weight limits?

If youre AGI is over $100k-$150k you can deduction a more limited amount of those lossesIf your AGI is above $150k you can not deduct any losses, they CAN offset other passive income sources if you have them, or they carry to the next year and will do so until you are in a position to use them. 

My concern is with a low downpayment and high monthly cost $3844 (PITI, HOA, PMI, utilities), this would limit my ability to ever rent out to a family if they don't allow individual leases with multiple roomates.

Hi All,Having reached the 10 property limit for FNMA loans, if I refinance four of those properties with a commercial lender taking title under under a newly formed LLC, am I still able to use the positive cashflow of these properties as qualifying income, that is, if I go buy additional four under the conventional underwriting?

With delinquent assets, especially ones years delinquent, the 'collectible balance' can be very different than what is promised by a seller due to defensible arguments of Laches and the Statute of Limitations in some states.

If not, and you're asking about wall and ceilings (and it sounds like you've got tall ceilings that would require some scaffolding or similar tool) then you could look at anything from $2,500 (labor only) for a handyman to do it up to . . . gosh I hate to put a limit on what a paint company would bid, but in my market you could see up to $9,500 for this.

Hard/Private money lender's are useful for limiting the amount of YOUR that you'll burn in a deal.

So by the time I close, I’m already out of that limitation.