We buy and sell quite a few houses, I personally would not hesitate in buying fixing and selling it, unless everyone in town already "knew" it was "haunted".We dont knowingly buy houses where someone comitted suicide or has been murdered, but the ghosts, I suspect will leave when the old man leaves.I seriously doubt many rehabbers are going to worry about such a ghost story.

In real estate, you can ruin someone's life, get sued, go broke quickly, go to jail and some have had bad deals that was a tipping point to suicide. 

the other risk is HOA litigation on construction defects.. its financial suicide for the owners and they don't realize it when some HOA sue happy lawyer talks them into some big suit. seen that show a few times.

There is too much government involvement now.A driver CANNOT buy the amount of insurance they want but has to buy UNLIMITED no fault personal injury insurance.EXAMPLE If someone is trying to commit suicide and purposely drives their car into a tree at 50 miles per hour all of their injuries are paid by their insurance including UNLIMITED pain and suffering and damages.An insurer could be charged $3,000,000.00 or even more for something you intentionally did to yourself.And yes the Detroit mentality makes the Michigan requirement unworkable.

Murder, suicide, a 2 year old drowning, house burning down, sitting in a driveway with a shotgun in my hand holding off gang bangers, being assaulted by potential renters, drug dealing, drug growing, more lock outs than I can count, and you have the GALL to say I am afraid of a hanging rain gutter!  

The guy that sells the gun isn't responsible for suicide, but telling someone to shoot themselves is a different matter, which is why I believe many gurus should be in jail. :) 

the U.S. won't "tweak" social security because it's political suicide.

A deathly fear, and this is the hardest part for me to admit to anyone, let alone the public, but a suicidal fear.

What? There's some copy eh?Do you notice that the most unmotivated sellers call the moment they get your letter? Getting calls all through dinner tonight, everyone wants to sell. I want dinner (and a deal). I'm taking...

@Rick Baggenstoss  one take away is for all of you who think you get liability protection from an LLC  think again  LOL.This guy was speculating he should have boarded the houses up... in many of these areas its financial suicide to rehab and rent...