@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.

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.

PITI + property management + vacancy + capex + repairs. 

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

I feel like it's more advantageous to pay off one house to save on interest, HOI, and have some cushion for repairs for the rental houses.

The tenants will be staying at the premises for the duration of the repair and expect compensation for the inconvenience/impact.

The seller can't cover these repairs before closing but has offered to credit the repair costs at closing instead.

If you are taking extensive time managing, spending money on gas, repairs and maintenance you are under water.

The reletting charge doesn’t release Tenant from continued liability for future or past-due rent; charges for cleaning, repairing, repainting, or dealing with unreturned keys; or other sums due.

It certainly is possible to get an investment loan on a property like this, but it would be necessary to run the numbers to see what the after repair value is for the work that will be done to make sure that all of the numbers work.