@Matt McGuireTough call, but if it isn't positive cash flow it will eat a hole in your wallet over time.

State park with 36 hole golf course, and walk/bike trails within 1 mile.

The home is inhabitable with no water, electricity, dog feces, no appliances, holes in the ceiling, rotten siding, & a lot more- Its a demoHeres the issue..The sellers sons wont move..One son lives inside and one son(paralyzed on one side of his body) lives in a trailer on the lot.

Depreciation is also an accounting term which shows the declining monetary value of an asset and is used as an expense to reduce taxable income.

ThanksThe truth about it is that there are 2 out of 3  beneficiaries that would NOT want me to benefit in any way, especially any monetary gain.

To my surprise, Jonathan claimed no knowledge of this situation; I sensed some defensiveness on our call.The damage to the home was extensive enough to require two holes to be patched in the roof and a small hole in the bathroom ceiling to be repaired.

The neighboring units set the market ceiling in my market and they are more than happy to sit on their price, so I wind up stealing their tenants by being just below.I would suggest deciding up front on renovating or not, 100 year old structures do not support todays lifestyles unless they have been updated, so you will pigeon hole yourself to the lower renter.

I would think coming from a third world hell hole where money is worthless their standards would be lower.

I went up to look at the property and one of the doors had gunshot holes in it.After I finished inspecting the property I went back down to the street and was immediately approached by several people asking for money and cigarettes, there were plenty of females using Walmart carts as strollers for their babies, and finally when I went back into my car someone came up to me asking what I was doing there, I replied "I'm looking to buy a home here" to which he replied "Really?!

Stop try to fit a square peg into a round hole.