In the pictures you can tell its in great shape, the kitchen looks recently upgraded and it appears there is probably about $20k in rehab needed minimum however ill wait for a contractor to assure that.

If it's the worst building in the neighborhood, then upgrading it would help.

Tenant is thrilled with the upgrade. 

A vacant house, via Chris Clothier find motivated sellers now, recently was upgraded so you can filter on high equity or low equity AND older than 50 yr old.  

I had to upgrade because she left and the entire house is now being used as rental.

One area I've found very fruit-ful is the recently retired demographic who need/are ready to move and don't have the ability to upgrade their homes for maximum sale price.  

They were definitely tired old units that I have improved the value of by remodeling and upgrading. 

He said that I could get about $30,000 of the rehab costs through a program like ygreen.com, basically if you upgrade Windows, roof, drought tolerant landscaping, and other energy efficient items, you are able to get a loan that is attached to the property taxes for the property.

Ask them for an "as-is" value and a value of you did some minor upgrades.

The appraisal took this into account subtracting 15K per sale for an average Adjusted Sale Price of:=$320,347Even though my property was listed as Superior Upgrades along with 3 of the comps.