I like the location and the price is 650kHey Max, you are referring to the old Gem building.

I recall reading in Forbes that major foundation fixes can add surprising value, becuase it addresses the single biggest fear buyers have.. a shaky structure.From my three decades in fix-and-flips, Ive noticed how important it is to have a team you trust.. from attorneys who know probate deals to realtors willing to drive for dollars with you, scouting hidden gems.

Our network partner, Erika Gilbert, identified this gem through local market connections.

You've got some real gems in here.

Than I thought it was all the things that could go wrong in the flip, hidden gems like K&T hidden in the walls, shot main-lines, etc.....   

Other properties in that area of similar size and vintage in good condition have sold in the low $200s and rent in the $1600-$1800 range.  

@Breeya JohnsonCleveland's low prices are tempting, but have you considered hidden gem cities outside the usual suspects?

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However college kids or young professionals will most likely not care.In Danbury you have to look out for hidden gems.

Underwrite to reality, not what you hope costs will be, because they aren't going back down.Post-pandemic vintage syndications:  You are mostly right, Scott, that these investors are cooked.