Running the numbers it does seem like they'd pencil out but definitely completely new territory for us.

@Olivia Blake what you are running into is a tenant how has been a long term tenant.

I read "guarantees" - for me that is the biggest scam ever and right then and there either hang up the phone or delete and block the email. anytime anyone guarantees anything run and run fast.  

There are a lot of good posts on here so I would take some time and read the forum so you can hit the ground running.

Ebooks, podcasts like @Bonnie Low suggested and start running numbers on every deal you see until you know how it all works.

I would love to get a property in the NW DC that is run down, add additional floors and then make it an apartment building.

If it discharges 5 foot from the building and there is a low spot running back to the building, then it is going down hill back to the building.

The fact that they knew about this and didn't tell you up front says to me they were hoping you didn't actually run reports. 2) Be sure to know the regulations in your jurisdiction.

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

You’re just throwing money at the government.