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Updated over 9 years ago,
steep steps? Pass or acquire
I am about ready to put in an offer on my first fix and flip and have a question regarding steep stairs. A bit about the home: 3/1.1, 875 ft/sq, basement, 1 car garage, dead end street in a blue collar neighborhood (Waterford, MI Metro-Detroit, Oakland County). The house is solid and I may be able to pick it up for about 35k, might need 15-20k in rehab/repairs/updating all work done myself and sell for about 70k (probably through the realtor who is helping me with the purchase). Rentometer.com says $975 is mid-low for a 3/1 in the area. The only problem I have with this acquisition is the set of stairs going to the 3rd bedroom upstairs, they are steep but not atypical for a 1920's build. I think this home is destined to be a rental, maybe not my rental but a rental. Does anyone have experience with steep steps? Would you be concerned as a landlord having a home with steep steps?