It is a 0% interest loan that will do things like de-leading, windows, roofs, and other items to bring low income families housing up to snuff.Some towns seem to have a 15 year forgiveness clause built in.

@James De Silva - Thanks for the advice..

Both of the properties were then fair game for vandalism as they were on an mostly empty cul de sac.  

One was on a cul-de-sac street with 22 houses, 20 of which were owner occupied. 

http://www.businessinsider.com/le-chateau-de-vigny...

Hey Guys/Gals, I am from Delaware county, I currently own 2 properties and am looking to expand.

I'm currently a Realtor licensed in Delaware.

Here are some links...http://www.biggerpockets.com/rei/https://www.biggerpockets.com/blogs/3-reiskills-and-brian-gibbonsThis is one of the most amazing sites for EDUCATION.There is an "espirit de corps" or a fraternity - sorority of sorts at BiggerPockets.https://www.biggerpockets.com/search?

To quote Dolf De Roos "The deal of the decade occurs about once a week".

So why not buy a not so well maintained home for 560k and renovate it and enjoy the newer upgraded home.I feel from a buy and hold point of view it will be much better to pay more for an already upgraded home as all the upgrade costs are being paid for by the 30 year loan which comes with tax deduction and you pay it off with de-valuated dollar over time.