I do have a contractor bidding it tomorrow, I was just hoping someone would have a rough $/LF or something similar to use for a ballpark, but figured it may not be that simple since it of course depends on specifics.

There are probably going to be other posters that endeavor to layout paperwork suggestions so I will leave something for other keyboard heroes. :-)With that being said what you were doing is definitely a gamble.

Another thing is the low market value of these unit.I will not suggest an out of state owner to own this types of properties in their portfolio, unless you know 90% sure the owner will redeem.

Also, would you suggest using professional firms to do the hiring process or should I do on my own to save money?

I’m open to creative strategies and any other suggestions you might have.

Regarding your 2nd floor kitchen faucet that is experiencing low water pressure, it's likely a simple fix such as the faucet aerator (a screen that helps create a smooth stream of water).

You may find it useful to seek an unofficial preliminary meeting with the local powers-that-be to get a read on how much resistance there's likely to be with your development, as well as getting an early read on things they'll "suggest" to make necessary approvals more likely.

Mortgage rates are falling, and CME futures suggest even more drops ahead.

@Joe Jor brings up some great points and I like his suggestion for contacting the building dept.You may also be able to negotiate credits or for funds to be held in escrow - until seller removes open permits, violations, etc.Lastly, for estimates on the work that will need to be completed on the property, you could also contact an expeditor who services Westchester.All the best to you on your search!

I'd suggest looking into areas like East/South ATX—they’ve got strong rental demand and good growth potential.