Many judges would feel you got paid even if no cash was sent to you.I could see this potentially working on a higher-end property that it in excellent condition with a Grade A tenant.  

Ranges can be fine if they’re in good condition, but inspect them thoroughly.

If it holds up under these conditions, you've got a solid investment—better safe than sorry!

@Lisa Oliver I wouldn’t give keys to trades men under any condition.

My condition was that they rent the house for 1% of the costs and sign a 3 year lease.

I have little confidence in turnkey providers, deals are already hard to come by, if they take another 20% cut before.. much better to buy a property from an owner that is in good condition.

@Bryce Jamison As long as the previous owner keeps up with the maintenance of the home and keeps it in good condition, I tend to favor older homes in established neighborhoods.

Depending on the condition you'll command a better price on the MLS vs. off market.

The property value must be a minimum of $250,000 USD, and the credit score requirement is at least 700 points, among other conditions.

What condition is the exterior (siding) in?