Thoughts on Murder house?

[Phil K.]

Hi All,

I'm running to an interesting property that may be a candidate for a BRRR type situation. Here are some of the details:

ARV: 120k

Purchase: 65k

Reno: 30k

Average rent is about 850-1000

However there is one catch to this property, there was a murder in the home. It was not a gruesome murder, however it still did happen. Overall the home is in decent shape, but I can't help but think that the potential stigma to this property may make it hard to rent out. In my state one does not need to disclose of this, but of course if asked need to disclose.

Another question I had, was that when the appraisal goes through for this property, could the history of the property potentially affect the value that the appraiser decides?

I am curious as to others that have went through a deal like this how it turned out. My plan would be to keep this as a long term hold. 

Thanks BP!