I'm sorry not to get anybody excited, I'm specially talking about Alabama (Jefferson County to be more specific there was a lot of talk about changes in excess bids of Tax Delinquent Properties and they had a lawsuit judgement in 2007 and the county lost $28 million case for excess over bidsJust wanted to know if all s still the same with the Jefferson County Alabama allowing 15% of the value of the property to over bid the taxes owed and receive 12% int. on their entire investment when property is redeemed .Blessings to all,

I actually don’t live in Colorado Springs, so location is somewhat loose.

These are not the most "logical"people, and I feel like she made me loose on a month of rent, so why should I refund her.

That’s a fairly excessive amount of pets if you ask me! 

The in-place rents for the cash outlay are pretty low, but that's all relative...the repairs seem excessive...assuming an ARV of $650k and cash out at 70% LTV lands all of your cash back in hand if you do not do the reno...use delayed financing. $525k all in with ARV of $650k changes things quite a bit...you can't pull all your cash back out, but getting $350k back may work...What is your possible appraised value as-is? 

Do you just eat the loose of the good faith money or do you have another way of getting out of the contract?

If it's tiled and any tiles feel loose, that's not good either.

Actually everything is smoothed back over with the tenant an @Nathan G. as you mentioned in another post prior to deeming uninhabitable someone at the city should decide that the water leaking in is in the garage and it is not excessive maybe things are not translating well over posting on the forum. 

@Evelyn Tilman there is a lot of loose variables as a flipper that would make or break a deal. 

But, if you are willing to do more significant rehabs, you can probably find ones with over $10K of equity capture and cash flow in excess of $400/mo.