"Transient Occupied" Fixer....

[Karen Capps]

One description of this SFR says "Property is occupied by transients, drive only, please don't go by yourself it can be dangerous"

Um, okay, so maybe I can see why this is the only fixer in the area that is not listed as "Back-Up Offers Only".... but, if someone buys this place I would assume the new owner can go in with police and clear the place out, no?

Or is the big deal breaker the fact that a prospective buyer can't get in and see how trashed the place is without fear of getting shot so never mind?

Um, what if I just took a few bigger, uglier (okay maybe legally armed) guys with me to "tour" the place and walked through anyway... could I be arrested?

My analysis says that this place could be a nice first time flip provided that the repairs don't go too far past the $30k mark. It doesn't appear that there are many if any other transient occupied homes in the area. Although it does seem like several of the SFR's nearby have been converted to multifamily.

Thoughts?... Opinions?.... Warnings?

[Cal C.]

@Karen Capps

In case you were not totally convinced by @Mike M. read this thread. BTW from the title of your post I knew you were in CA.

http://www.biggerpockets.com/forums/67/topics/64944-the-occupants-from-hell-