@Dianne Phelps So are you saying that all the joists were cut short and didn't connect to the joist band that runs around the outside of the house?

So, are you looking to play the short game or the long game with this investment?

Once I see the condition of the property, obviously there will be no inspection contingencies, so are you just taking a risk that after closing there is no major foundation/electrical/structural issues that would severely bring down the value of the house and significantly increase rehab costs.2) If the owner lives out of state, let's say inherited the property from parents that just passed away, how do you arrange access to the property? 

If so, are they tying into something nearby?  

Many counties are unfamiliar with grandfathering and so are most insurance companies. 

Once again, if so - are they motivated to stop the deal and sell at a higher price?

In a large apt complex with terrible management, mediocre maintenance, and diminishing amenities.Reasons:Location - work transferred me here less than a year ago on 2 weeks notice so rented a place for short commute timeLocation - Denver market = not as bad as SF or NYC but expensive enough compared to income if you're not a techie making $75k and sharing a house with your 3 frat buddiesDown payment - We have owned before but in the past handful of years have moved a lot and started a couple businesses with our savings which were not successful so are re-saving up a down paymentOur credit would be fine for purchasing (good enough that we did not have to put down any security deposit at this complex) but we are lacking the down payment to purchase locallyEase of living at the moment and fixed, plannable costs of housing.

You should have a positive cash flow on each so are making passive income.

So, are you going to just target one house Deal at a time or try to find a depressed area to farm?

If so, are there any ideas on how I can structure a win-win (or possibly win-win-win) here?