Ted F.

sorry I am just not used to seeing a 10% cap rate, around here those are D or F class neighborhoods.  

Maybe @Jon F. or @Scott Hollister can point you in the right direction!

And I F#$%ing hate lenders but "dislike" Jerry the least out of all of them heheheJokes lolThanks guys :)

Behind the sheetrock, crawl spaces, etc.I'm by no means an expert at "de-meth-ing" a home, but that seems like a cheap way to get a better idea of what you are getting into.

If they were predatory they would more than likely have an F rating, especially after 12 years.

Probably take a break from a future renovation project, just because I'm sick of dealing with f**king contractors every day!  

@Kuba F.

@Dion DePaoli  f IRS redeems  then I think they have to make you whole plus statuary interest which I was thinking was 9%... but any improvements you do to the home past any that are for health and safety of the home would not be reimbursed.I have bought quite a few at the court house steps over the years with IRS liens I liked them actually because 99% of bidders won't bid on them because they cant backfill right away with their LOC or HML... this lead to some pretty spectacular deals in the day. 

The financing to be assumed is a HUD-insured 223(f), 35-year fully amortizing loan.