If there is some reason you can't sell now, like some title snafu, then what the market will produce will at least limit expenses to carry it, barring that you don't lease to a wrecking crew.

Purchase price: $27,000 Cash invested: $110,000 Sale price: $229,000 Turned a wrecked and rundown house into a beautiful modern home.

Now, have politicians consistently damaged things, and it's compounded over the decades to the train-wreck today is, sure as heck yeah.

The returns won't be great but they might not be a train wreck if you can get the property stabilized again.  

I was looking at zillow and saw this house that was a complete wreck, I raised an eyebrow at how bad it looked and continued on with my analysis paralysis I have been in forever because I am a college student.

I typically don't charge 3% for my side as I also feel it's too much money, especially on higher-priced homes, but I believe rebates are not a good idea at all.  3% per side seemed more reasonable when house prices averaged $100,000 or so, but now that they're closer to $300,000, I think it's wrecking the market asking sellers to pay 6% to sell a house, 3% for closing costs, etc. 

If I take partial payment for the next few months (my logic being if I take 3 months of partial payment,it might be better than going through 3 month eviction process and getting no money and a wrecked place), when their lease is up, do I have to go through the eviction process (Incase they just decide to squat), or is the process more favorable for me after the lease is up?

Although I do agree with Hoarder houses and total wrecks its what ever you can negotiate.. but when your talking lipstick rehab and telling someone there house is only worth 30% of true market.. that just does not sit well with me. 

Watch those credit cards and unsecured lines of credit, I did this on several rehabs and it will wreck your credit score until those are paid off.

If the property was flipped and it's value is under $400,000.00 I've yet to have not found it to be a train wreck and I've yet to find a homeowner who wasn't now paying out of their pocket over and over again for the flippers short-cuts.