We have submitted fair offers considering the condition of the property (sellers don't keep up with the maintenace and repair as they should, for a property that they are going to lose and get no money only some debt relief.) 

You have heads in beds, but are they all paying.Create a budget for repairs and build that into your underwriting.Gino

I offered a credit to the buyer to repair the attic.

You'll get experience with leases, tenant management, some repairs.

Other cases- hazard insurance was not renewing or placing high subject to repairs/improvements to maintain or the market cap of my commercial apts was rising as fast as interest rates like in '22. 

@Account ClosedIf you are good at what you do the it should not really be a risk but cost of doing businessIf you are trying to do this remotely without seeing a property, having an understanding of value or repair costs then it’s not risk it’s just stupidity as you really are not wholesaling.

They forgot they haven't paid taxes in 5 years,  They forgot they got a big insurance check, but didn't do the repairs, so now you can't get insurance. 

PITI + property management + vacancy + capex + repairs. 

You do owe them for any work they did to repair the property, board it up, meeting the police on your behalf, etc as a result of the break-ins. 3.

Partner Driven negotiated the purchase for $125,000, based on the property's need for substantial repairs and upgrades.