However, one thing is certain, if you are going to gamble, Las Vegas is ironically a good place to do it.

But now with the bailout, it is ironic that many of these people are conservative Republicans who look at single moms on welfare with distain.

When I go in a house if I see galvanized water line, cast iron water line and 2 wire electrical outlets I figure on doing the plumbing and electrical right off the bat, I really want to take care of my customers but am I putting to much emotion into buying since if I was the one buying this would be a red flag for me.

Ended up putting all my focus into the duplex and missed out on the other deals because I didn't want too many irons in the fire for my first purchase.

@Robin Secord ironic following our discussion. 

Does it have cast iron sewer or galvanized water pipe? 

But she had too many irons in the fire for a big rehab and just wanted to cash out and free up some money.She then told me that she had already had two other calls on the house, but would love to sell the house to me if I am interested.

Ironically, the units that need the most securing are the ones in the crappiest neighborhoods that are worth the least...I am curious to know if the 50 percent rule resulting from the nationwide apartment study accounted for vandalism and theft expenses as well as standard maintenance.

Ran camera in 4 inch cast iron sewer pipe 31ft to 4 inch clay sewer pipe.

I recommend that you get this all ironed out prior to your money going hard or closing.