Sam Zell is a distressed real estate investor who wrote a well known, but hard to find article in 1976 called “The Grave Dancer” where he explains his thought process on buying distressed properties.
Link to the scanned PDF of The Grave Dancer article (16MB) https://db.tt/sW4Jwx4U (and embedded below)
More on this topic below
The return of the grave dancer Sam Zell article on topic
Not the book, but kind of a decent short read. An outline of a court case.