Baltimore gets a bad wrap sometimes, but from an REI perspective it can be great if approached correctly (which it sounds like you are doing!).

However from a buyer's perspective I'd jump all over an opportunity for someone to lend me money sub-5% at this point. 

@Tom Gimer since I know you have a background in law, and Account Closed since I know you have defended a creative transaction of yours in court...To me this discussion of Morby method only sounds ok from the perspective of 'mechanics of a transaction'.

However, it looks like to the left it connects to another room (maybe the living or dining room) if so, I would see if it was load bearing and maybe take down that wall and make it a little more open, probably put an island where that is.For the outside, it mostly looks like it needs a new paint job, fresh grass, and some pressure washing. 

 There are a lot of factors to take into consideration when drastically changing the blueprint, especially from an under writing perspective.

Hobby landlords tend to approach all aspects of the business from the perspective of doing as little work as absolutely possible in return forfeiting the higher profits. 

You will meet people from different walks of life that will give you different perspectives on real estate investing.

Carlos - I think this depends on your perspective of where rates are going to go.

Everyone has different needs.I look at things in an accounting and financial perspective so I might or might not like something but maybe the PM functions has features that is a must have.Transitioning to any new platform will always be frustrating.I had to help a client transition 50 properties over to Buildium and that took a long time to do so. 

.)* Say sorry, lose the deal / get* Fix it, write it off, and stop paying the holding costs* Negotiate to fix their most critical issues~~~Random Thoughts From a buyer's perspective-- as people above mentioned, newer buyers tend to want a flip property that's PERFECT and have a hard time wrapping their head around blowing through savings and then ALSO having to fix it further...