Is this a deal worth pursuing?
4 Bed 2.5 bath 1646 square feet and 6,900 square feet lot. Home needs about $40,000 worth of work. The ARV is around $140K and new construction is around $200K. It is not in a war zone. Seller wants $63K. Even with all the work that is needed, there is currently a renter occupying the dwelling.
With the lot size does this sound like an attractive deal?