Opportunity to purchase from prior owner as is in run down condition How did you find this deal and how did you negotiate it?

They have been conditioned to pay $600.

Hi, though I’m a newbie here - I’m a realtor and I can tell you that one of the best ways especially in these market conditions is pocket listings or “will sells”.

Those memos do not hold authoratative weight but shows the IRS’ thoughts!

Ultimately these traits are saving you time and time is more important and expensive than 3-6% commission ( obviously depends on your conditions and your goals) so ask your self that question . 

I do NOT want a lawsuit or do not want bad living conditions for tenants either.

In these conditions, investors typically focus on faster, lower-cost flips that add clear, high-value improvements without overextending time or budget.

That strategy is the more dependent on the current market conditions (specifically interest rate).

Changing conditions may dictate pivoting.Good luck

You can get a copy of that if you know a realtor and then add specific conditions that you want.