At least from my experience if your purchasing a typically philly row (900-1200 sqft) for 100k with a resale around 250k a rough full gut budget is most likely going to fall somewhere around 80-110k excluding any structural issues, fire damage, etc.

Is your property being damaged through negligence or willful destruction?

This is a good idea and should be done during due diligence after you have the property under contract.There are some contractors that just work with investors and efficiently get the work done on fixer-uppers or flips in a timely and cost effective way.They may charge you for the estimate which is credited to any work you have done.A general contractor is not a replacement for a quality home inspector and the home inspector may find additional work that needs to be done so good to have them there on the same day if possible.Both results and estimates are useful in retrading or renegotiating after the due diligence.To your success!

The TPT on rentals of 30 days or more is going away effective 1/1/2025.

The risks are this: the more people that live there, the greater the risks of damage to the property.

The company's legal counsel has said a guarantor is not needed, citing the company's annual revenue and an employee, effectively, being unwilling to cut a check on behalf of their employer.

Assuming that the contractor does not hold a license, the seller would be effectively unveiling potentially illegal activity to the buyer, along with names and contact information.

Look into their marketing efforts, tenant screening processes, and response times.Service Audit: Conduct an audit of the services provided by Ace Management and Reality to ensure they are actively marketing your properties and maintaining tenant relations effectively.4.

After the damage to the house he didn't have the money to make repairs so the house became unlivable and he moved out.

The age of the home and its two decade vacancy has led to more damage to the structure than we originally thought.