The sellers were the older kids of Mom who passed away and the home was an absolute wreck inside and out.

I’ve had my fair share of fires, car wrecks, a broad range of medical calls, traumas, gas leaks, baby deliveries and really anything else you can think of.

The houses I have found in the lower 100's look like a train wreck.

They statistically have a greater chance of being in a fatal car wreck right after they leave from viewing your property.

If it's not wrecked already that's a great start. 

Ever since I feel like I've been watching a slow moving train wreck. 

The backyard was a wreck... and I knew I could sweat equity clean it up and show the tenants I was improving things... and then negotiated a rent raise across the board to almost double what it was when I bought it!

If the house was a wreck and needed a complete rebuild, one could alter the layout dramatically, hugely improving things. 

I ended up getting into syndication on the investor side (instead of doing turnkey) because I found the increased number of doors of an apartment complex, lowered my risk of one bad tenant wrecking my ROI.

But of course it would predicate 100% on the asset, if it was a wrecked 4 plex built in 1860 with years of pending cap ex then no.. this is assuming it would at least break even.