The problem is the buildings are in major need of repair...and because of this, rents are one of the lowest in town. 

@Beau Wollens A bit late to reply, but please tell me you bought this deal.

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

Cabinets/trim go in this week and flooring should be going in within the next few weeks.

What you can require legally changes depending on your location. - If you make the above clear in the listing, you will immediately get fewer applicants.

If you're interested, please reach out.

I'm hesitant to give up my conventional loans on the next cash out refinance for DSCR loans.

That's why we require clients to spend a couple days with us in Milwaukee up front, so we can get on the same page and determine an asset quality.Hint: the hood looks much better on a spreadsheet than up close in person.

Hey Phillip, welcome to the community!

Then the seller gets that exact amount for the property at times (it's a low percentage but it happens).