May be best to hold for a few years before CapEx, then sell if it doesn’t this summer.look if you're earning appreciation, amortization, and tax benefits, it's hardly a terrible asset. just mehI have one just like it.

Or do you think it's not a terrible idea to buy this property and start building equity?

@Ko Saynourath mold is terrible because the media has dramatically exaggerated the entire issue.

The lenders will foreclose at some point and if you look them up, most of them are already in foreclosure by the banks.Also, an hoa having taken back 100 units is a terrible sign for the development/neighborhood.

I could buy a home in the city for 10k with Cash (there are many) but It would be in a terrible neighborhood and need a lot of work.

In my opinion, this is a terrible deal!

sorry for terrible typed comments in big hurry.I am new at all of this and really need some guidance.I found a home forsale,but the asking price is 980000.

I think Obama is a smart man, and clever, but very inexperienced, and that was a grevous error.Announcing publically that the USA will not defend an ally is a terrible political mistake.

TO me it seems that major repair/replacement is the most important: 1) water heater/plumbing2) HVAC3)Roofing4)Electrical5)foundation(I'm in Texas, terrible foundation problems)Does that sound about right to you?

At any rate, this is a terrible deal that will lose money.