Ok Bryan Tomko,I am going to give you the best advice I can to help you win this deal without overspending for it.First things first,you need to establish the exact condition of the property,the approximate after repair value,and the true current value of the property.You do this by having professional contractors do a full inspection of the property and estimate every possible repair and upgrades you need to get the property into full ARV condition.This is a 60 year old property in what I imagine is a harsh winter environment.Snow,ice,possible rodent and insect infestations,can and will deteriorate the property over time.I am going to assume a few things now.The roof probably hasn't been replaced in a long time,if ever,it will need replacing.The wiring probably needs repairs and/or replacement.The plumbing needs a inspection with a camera through every pipe to determine damage and replacement if needed.Especially the sewer pipes and main water lines bringing water to and sewage from the home to the city pipes.They are exposed more to the elements and can break over time.I'm guessing the kitchen and bathrooms have never been upgraded and replaced,they will need that completely.New drywall and repainting inside and out.All the costs of doing that work need to be put into your offer by deducting them from the after repair value which you will establish by getting comps from recently sold properties in that area.Once you have all that,you will now be able to sit down with your family and discuss this like a business transaction.No sentimental garbage,just business.You can hug it out with them when the contract is signed.You can use the fact that they are losing 700 per month in insurance as a reason to accept this deal immediately.Now make no mistake,they are going to be upset that the house isn't worth what they hoped it was at this moment.Don't argue with them!!!!

I plan redoing 200 linear feet of the box gutters, re pouring the concrete, patch fire escape and repaint, and re build bowing wall at back of it.

Laurie rented a pressure washer to loosen up any gunk on the exterior of the deck, then repainted and sealed the wood.

I have the cash to buy the property all out, but I really want leverage because I don't want to consume all my cash on this deal and it juices the COCR.Original Ask: $49kInitial Offer: $40kTheir counter-offer: $44kMy counter-offer that was accepted $42k.This is from an estate sale listed on MLS for a 3/1 SFH 865 sq. ft,1950Rent after installing washer and dryer and re-painting interior will be about $950/mthAnyone got any good mortgage broker recs?

Personally i would assume replacing all flooring throughout the condo, replacing cabinets, repainting, and needing new appliances.

The job would be lengthy and difficult with the unit occupied.(4) There is no guarantee that if she moves out 6 months after the painting I will not have to re-paint portions to make it look move-in ready again.  

Are you going to repaint the interiors and install new flooring?

Hi Bp'rs,I have a 3bed 2 bath in teh Cypress Landing Community of Phoenix that the HOA is requiring an exterior repaint before mid-January–then they start citing.Can anyone recommend solid and reasonably priced painting contractor/company in the area they can recommend?

Stucco exterior in decent shape, could use repainting.  

You're going to be repainting, patching holes, replacing carpet etc.. no matter who lives there.