If its a deal , you just lost it ,odds are the contractor is going to tell you its a dump , and then buy it themselves .

The real advantage to me with using cash or a Heloc is being able to buy the unfinancable or 'odd' property that doesn't fit Fannie criteria.However, there are lots of properties you can brrrr with a conventional loan. 

There is something odd i've noticed though; when I think of putting 300k down on a duplex in San Jose, even though the yearly income on that could be around 70-80k (being conservative), that doesn't personally excite ME as much as putting 300k down on an apartment complex in Sacramento area with more units, less rent per unit, and most likely less overall income for the year.

I feel bad that people are going to lose their shirts, houses, life savings and retirement accounts because of these moves, but they're taking uncalculated risks that have worse odds than playing roulette.

Odds are they are original but could be newer.

Nothing odd.

(If anyone needs help with some odd jobs in the Chicagoland area let me know.

Appliances are built cheap these days, so odds are good with several hundred appliances that some will have problems in the next 3-5 years.

Just be aware the odds are against it though.

There is more to this, but there are 21,000 multifamily properties in Franklin County...1,000 of those sold on market last year...I think our odds of finding something are pretty damn good.