One change is that I received an email from the Agent that said they got word there was a" 'Water issue' happening at the property, where water was exiting one of the units (duplex), and the city turned off the water, but it appears the tenant disconnected the meter, and the pipes have frozen".

Hi Ryan,A lot of seller financing was back when the markets were frozen 2009,2010,2011.Today if the property is a good cap rate buyers are all over them on the commercial side.

You are actually supposed to replace them if they have tripped more than twice and also test them monthly to make sure they still turn off and have not become frozen in the on position (no one does this but it is on the box or in the instruction of all breakers). 

My accountant has online access to my machine at home and she pulls an accountant copy, so my data is frozen, but still available until she puts the updates back on my machine.

Sometimes a developer mismanaged a project,sometimes they ran out of money or funding was frozen,and other times the layout and location were doomed from the start.I would start really low in price.

Up here in the frozen north there is very little movement in the winter - few properties for sale or rent, few people moving.  

It's true that you shouldn't have many capital expenses for a brand new house, but you'll very quickly begin to have other routine expenses such as carpet; paint; leaky faucets caused by tenants overtightening the knobs; clogged toilets; damaged appliances; frozen water lines when the tenant has their heat shut off; holes in walls; etc, etc, etc.Even in the oldest properties, maintenance shouldn't be ANYWHERE NEAR 25%!

I can already do rehabs or "flips" but the market where I live makes this a little tough right now, as prices have been either frozen or dropping over the last year :crying: But thanks!

How does HUD determine whether or not I get my EM back if the post-accepted bid inspection turns up something major like frozen pipes?  

If the home has been vacant for a while, I hope it hasn't frozen up and that they purchased a "vacant home" insurance policy.