Missing copper...

[Chaz Reid]

I have 5 adjacent properties that I've been thinking about getting under contract for a wholesale deal. They were all vandalized, copper stripped, and they are all in a warzone. I'm looking at possibly getting the properties for around $20k total. The comps are on the low end ($30k) but they would be perfect for a low end landlord. The question I'm asking is, do you think this is worth the effort since the rehab would most like cost a lot due to the copper missing and other stuff?

[Manny Cirino]

When I was younger in connecticut I knew of many people that stole copper(rediculously good money in it) There was nothing that would really stop them accept there being no copper to steal. Because the pipes would freeze in the winter you need pipes to be strong enough to not burst. here in Florida everything I have seen so far is PVC.

I know the NC is at mid point and I believe you do have winters so will have to check it is code violation to use PVC piping. At $20k for a rental I don't really see how you could go wrong. Personally I war zones, there is not to much appreciation in the property. but the prices are usually cheaper and the rehab is less demanding. For rental properties they is more profit in it & really it all comes down to screening the tenants. I say go for it