So, for me that benchmark is useful as a quick way to help determine whether to put more work into analysis etc or not.

City Fire department will have the information of the property and will determine the restoration process - rebuild or restore2.

It was not a budget surplus until the board voted on it, so the date of that would be the determining factor.

What percentage downpayment will be needed.  3.  1 and 2 determine your deal size. 

He determined the roof support beams hadn’t really sustained any structural damage.

Those are all fixer-uppers and people are using hard money to minimize cash out-of-pocket.FWIW, cap rate is an irrelevant metric for single family, which uses comps to determine value. 

Even if it's just adding insulation or doing the painting at the end, you should determine how much involvement you are able or willing to take on ahead of time based on your budget.

That's probably the best path for mental health and a good life so that should be the goal, not just "financial freedom" IMO.

Due diligence ends on Tuesday, and the seller has indicated no negotiation or repairs will be made.I have a walkthrough with my contractor on Sunday, but I'm trying to determine whether what I know is enough to decide whether to purchase or withdraw from the deal.

From my research, the previous owner is deceased and I cannot definitely determine the heirs.