You are likely to end up with a bit of turmoil with that cheap of a property (probably not in great shape and/or in a bad neighborhood) and lower-quality tenants (evictions, excess repairs, etc.).

I'd love to get an audit of the actual charges for the last 3+ years and see if there was any excessive overcharges or such.

America.but must air seal as it will bring warm air from conditioned spaces to basement. dehumidifier produces heat as by product, and takes more electric to operate. if go with dehumidifiers get large comm heavy ones with humidistat and direct drain. no one will walk away with it. 300lbsdont just open window unless dry air cat 1 wind blowing straight in.it wont remove moisture only feed it. i use activtek  air scrubbers secured to a bracket holding plate. it kills protects 2000-10k sqft of mold bacteria, and reduces moisture as its byproduct of technology esp basements.

Hope for the best, but it will be a scramble trying to get the roof dried in or other repairs immediately after the storm.  

Each month the 2 of us have at least 1,500-2,500 excess cash.

Neither will the other title company in town.Here is the timeline on this parcel. 2013 - Collector's Deed issued to the city due to a lien placed on it for the expense of demolition of condemned house2016 - Declared excess property by city2017 - Sold at auction to an acquaintance of ours who intended to build on it9/2018 - Owner changes his mind about building and agrees to sell it to us for $5,000Now, $5,000 is no big risk to worry about someone clouding the title by claiming that proper procedures weren't followed and trying to redeem it, BUT we plan to put about $120,000 into building a duplex on it. 

I'd like to place extra emphasis on the 45 day time limit - which will be the biggest factor influencing your decision.If you have 285k of equity to play with, you're looking at either buying 1 larger multi-family property or several smaller properties, likely amounting to close to or in excess of $1M worth of property.   

The exterior is a little dated and there is a huge unfinished (dry) basement.

She ended up losing all of them in foreclosure and filing for bankruptcy.The damage from the housing crisis — a toxic combination of frenzied buying, rampant construction, predatory lending and investment excess — was extensive.

We do not have any of the same boards left and the manufacturer has discontinued the line so we can't just pull out the affected boards (besides, there would be no way we would have that many extra pieces; the total number of boards damaged is in excess of 150).The second reason why there is a difference in charges is because if we need to go through with Small Claims, we put ALL costs in there vs our original lower estimate (**after talking to a legal advisor, they said we should go with the full cost as long as we had estimates, invoices, etc to show how we came up with the dollar amount).