Nothing wrong with that as long as you understand and are ok with it.

(Foundation, etc)4) Black mold, asbestos, lead paint, other other costly repairs. 5) It need significant cosmetic repairs where the purchase price just isn't worth it. 6) They may have an odd layout of the rooms. 7) Non-compliant septic.8) Trouble with permits or tenants9) Listing agent has a poor or incorrect listing.

I would assume any halfway intelligent human being would understand we mean "shut and lock" but maybe I assume too much. 

I'm going off the understanding that you still need to spend 500+ hours in the business to achieve material participation (please correct me if I'm wrong). 

In theory, yes you could get under contracting adding "and or assigns" but really good odd's that's going to kill a significant # of potential deals.

Wants what he thinks is a market price for something but doesn't understand the albatross he has created over the last 20 years. 

So you can understand why I was blown away to see prices half that or less with rents 1500-1800 in Duluth.

Trying to understand the strategy for investment properties with next gen configuration from the experienced. tysm in advance.

Adding and making better could sell or rent faster, but it won't get you more than what the market ARV and rent is set at from other similar comps in the area....and your Interior Design background will help, if you you it mostly as an understanding of cost. 

., it's probably irrelevant because of Dave's point, but curious to understand what you're saying.