Need to get new windows, new water heater, flooring, all paint inside and outside. 

Baltimore can go from 300-400k townhouses to bars and boarded up windows in a couple of streets.

Below the window on the outside, carefully removing siding, etc, doing the work, putting it back when done.

At that point, someone decided to try to just spread some kind of penetrating oil over all the windows and doors as a quick-fix.

So basically they dont know what they are doing and hoping for a quick buck.The DD is the BPO ($125+), title search ($125+, different than a typical search as you need to see the assignments are recorded), file review (to include the original blue inked note and mtg, allonges, assignments, servicing notes, etc.) which is typically done by you or you will need to pay someone about $300 to do it.Most note investing is numbers, so you need to know what youre doing, planning for, what the owners options are before making an offer, then plan to throw it all out the window if need be and regroup.

But remember on assets that low every $200 is a percentage point on your return and if it slides by a few months from your forecast your returns again drop.

A few minutes later he said he couldn't get any response after banging on the windows and doors. 

The reason I'm using $30k in my example is because that's the window for my criteria.

My last attempt was no exception, seller wanted 5 day inspection on what was billed as primo condition 20 year old property, he blessed me with a 6.5% cap rate and "misstated"Expenses, followed me around during inspections telling me over and over how the neighbor next door is ready to purchase if i dont, never mind the failing brick siding, lack of house wrap, broken, non working windows, rotten decks,etc,etc.BUY IT NOW ask questions later cause there are 10 people behind you who will be happy with making zero for 3 years!

Spray around all you baseboards, doorways and windows.