If the house is funky, it will be funky after you fix it up..

There is a house near mine that is abandoned.

Like Agents who say they are in the million dollar club.. well when houses were 50k each that was something you know 30 plus years ago..

Finally, even with a substantial discount, the house may not be worth it.

I am back to getting the house rehabbed. 

That's a lot of work that needs to be done for your first house hack.

Selling the convenience of the location first and in such detail may lead some renters to assume that there is something not so great about the house itself since the sale in on the location. 

BEST DECISION I EVER DID WAS MAKE MY WIFE MY BUSINESS PARTNER THIS YEAR FELT LIKE NEW BEGINNINGS LEAVING A OLD PARTNERSHIP AND STARTING A NEW ONE LITTLE  DID WE KNOW THIS FLIP WOULD BE THE WORSE THING WE DID THIS YEAR TALK ABOUT A HOUSE THAT WOULDN'T STOP SPITTING OUT PROBLEMS FROM SQUATTERS BREAKING IN , FROM THE CITY CONSTANTLY GIVING VIOLATIONS, WE EVENTUALLY TOOK A LOSS OVER 50K OUCH!!  

The seller would use this strategy when they don't have a lot of equity in the house.

I have lived in Austin for almost 20 years where I own one house that has been my primary residence for four years now.