Much of the cost of renovating the unit will be borne by me, and a fair amount will be now covered by insurance; the carpets have burn marks, the walls have got large brown areas, doors have been kicked in, there will be lost rent due to re-hab.

@Sandeep Anand Legally and practically, your option set is limited at the 25-30K mark.

@Mark Fries the property on the map I’m looking at has the property at the very top  of Pine Forest and bordering South Riverside.

So Mark do you do a lot with life insurance & infinite banking?

Finally, my agent (per my instructions) emailed the the agent and told her to either have her buyers sign the due diligence list or take possession, which would automatically mark the end of their due diligence and acceptance of it's current condition.

1 can of wasp spray $ 4.95 , labor to push button $ 195.00  .  

@Mark PedrozaLets say im working with a relative (as a minor) and all i do is find leads; the relative signs the contracts and splits the profit.

https://www.har.com/content/newsroom/Houston Real Estate Highlights in June Single-family home sales rose 1.8 percent year-over-year, with 8,518 units sold, the largest one-month sales volume of all time;Days on Market (DOM) for single-family homes declined from 50 to 48 days;Total property sales reached record levels, rising 1.7 percent, with 10,115 units sold – the first time that number has broken the 10-thousand mark;Total dollar volume increased 6.6 percent to slightly more than $3 billion;The single-family home median price rose 2.6 percent to $245,000, reaching an all-time high;The single-family home average price increased 4.3 percent to a record high of $316,463;Single-family homes months of inventory was at a 4.1-months supply, the highest level since last August and equal to the national inventory level;Townhome/condominium sales rose 4.9 percent, with the average price down 1.7 percent to $211,050 and the median price down 4.1 percent to $163,000;Leases of single-family homes climbed 4.7 percent with the average rent up 3.9 percent to $1,877;Volume of townhome/condominium leases fell 4.2 percent with the average rent up 6.7 percent to $1,662.

Originally posted by @Mark Canton:Jack I have direct experience with this property type in that exact area, PM me and i can go into details in private.At first pass it doesn’t sound bad but I will need more details on general condition.

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