If you have it fully renovated, including mechanicals, roof, etc.

roof condition?

Finding maintenance issues prior to them becoming a larger problem (water leaks, pipes, roof etc.).

These would be properties with good roofs, windows, siding, and mechanicals.2.

This niche of real estate investing can be a great resource for buying properties at a steep discount and can be used if you fix and flip houses, own rentals, or simply want to earn a return on your money.

Miami is way too constrained by HOA and your insurance on anything there will be through the absolute roof.

After inspection, we discover there's drywood termite damage, moisture/water leaks seen from the attic and ceiling, roof doesn't have a permit with old patches.

It looks really solid and the roof sheathing and everything else looks very clean and dry.

I currently pay $15 per hour for contract labor for simple things like stripping a roof, cleaning up junk, mowing, etc. 

-Has no crawlspace (common for older properties) so we couldn't see the foundation-Drywood termite/wood decaying fungi damage seen on all the windows/doors/parts of the beam on the exterior, parts of roof decking and rafters in the attic-Old leaks/moisture damage seen in the ceilings and attic-Parts of the roof has patch work-Roof doesn't have any permits on record (don't know how old it is)Seller's offer to me:-Fumigation treatment for drywood termites (tenting the house)-Replace and repair all damage wood throughout the house-Replace the entire roof with a new permit-Replace one window in every room (not all)-Pay for a structural engineer to inspect the foundation-Offer to get quotes for repairs and have a 15-20K budget to make all repairs, house is 500K.