Purchase price: $90,000 Cash invested: $68,000 Sale price: $230,000Complete train wreck of a house, but beautiful bones, city of strong growth.

(Very nerve wrecking at first).

But we will do some work and hire sub contractors for the stuff that would wreck our bodies.

The homeowner knows this, therefore told me he will sell his home no lower than 2$25,000 because he knows a little about real estate and decided he'll only go 10% under the market price of his home. hasn't been updated since 2014 and it's been vacant for about a year and a half now. so its not a wreck but needs updating but the kitchen has stainless steel appliances but can't paint a good picture until I get eyes on the property, this is info is all by ear..my question is if I were to lock it under 225,000 rn, just so I can kind of get a visual, would I have the potential to reel in some cash buyers you think?

A fully paid$95 electric bill costed me thousands by wrecking my credit for three years.

That's a non-starter because anything and everything will be dog sh#t with a certain "what-if", welcome to investing, and life for that matter, "what-if" your car get's in a wreck tomorrow, so are you never going to drive again because "what-if"?

It is a lovely place, and I see why you might not want pets to wreck it, but alot of folks love their cats or dogs, especially if they don't have children yet.

Even if your $30k worth of repairs will go toward major components like a roof or foundation repair, you'll still want to stash away money every month for CapEx, so that sudden, major expenses don't wreck your cash flow. 

Its the puppies that wreck the place.

With regard to single family (detached) homes, we do not typically require vehicle info, BUT, if I see an unlicensed vehicle or a wrecked or major project, I might issue a notice of violation to the Tenant, or at least discuss it with them.