Prices have increased (higher terms/rates) as the fed rate has gone up so you have seen people who could get 8 or 9% now in double digits.

And for many investors, the gas tank is on empty, there's only one draw's worth of money left. 

The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some adviceHard to give advice with limited information, but as a general rule, the longer you wait and the further down the line their project is the more valuable your property will be to them.Zillow (and all automatic online) estimates are very unreliable, so don't base on that.

With no comps in the area for new construction and the highest rehab selling for 205k, building enough at the onset, 4-6 new construction homes, may be the only way to start a neighborhood turn.The city is looking to increase density in the area and add anchor points in near the area to cater to future investment. 

The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?

Their expertise can often pay for itself in the form of reduced taxes and increased savings.Takeaway: Look for professionals with experience in your specific market for tailored advice.By implementing these strategies, you’ll not only reduce your tax burden but also set yourself up for long-term success as a real estate investor!

They allow you to include up to 6 months of rent payments in the loan if you are unable to occupy the premises during the renovation.Just to be complete, it's also worth mentioning that both the VA and USDA have renovation loans.

Is it worth the extra work?

Will the sale price be worth the cost of the repairs?

The appraisal came in at 490000k arv and the comps pulled and increase in home value since a year ago shows the property at around 515000k.