That being said - he did mention the roofs are new (the quad is made up of two top/bottom duplexes) and appliances are newer, so sounds like information forthcoming when favorable to a sale. - The area is not bad at all in terms of crime, etc, but is surrounded by low income projects and other types of modest housing, so don’t know if a reno/flip would provide the income that would make the project worth the time. - For buy/hold - this area has many section eight and the new owner would probably have to be open to that to limit vacancies. - it’s wood Construction and the current owners seem to have had issues with termites, as they’ve fumigated, which includes tenting and removing tenants - expensive procedure that could significantly impact cash flow.The agent I worked with to get this info is excellent and has worked with investors before - pm me if you want her contact.Good luck!

Thank you this is a 1 bed apartment in a high-rise, so we don't need major fixes that are shared in the building such as HVAC, roof, moving electric/plumbing, etc.. just the items listed above.I have no relationship with vendors though I see many advertised online with reviews which I'd base my choices on. 

The existing tenants have mentioned separately (this is an up/down duplex) of smell of mold.This is not difficult to believe if in fact there are these obvious cracks on the home exterior.There is no doubt water/moisture is getting into the home and creating a condition for mold to grow.We had a structural engineer out to do our buyer’s inspection yesterday, report is due out later this evening (11/04/17).Verbal communication while on site, indicated a mutually shared concern over these cracks.The roof appears fine.A wall in the backyard will need replacing as the soil weight has almost pushed this wall over and it is only a matter of time before this thing comes falling over.Boiler may need replaced, windows as there is some clear cold.These are just concerns at this time but inspection report will lay all this out once received later today.I should have been a little smarter in not agreeing to a change in inspection objection deadline when it was presented by seller.My buyer’s agent and I should really have talked this one over, as I realize now that, it left us with only hours after inspection to come up with our inspection objection response and to be honest I will not have time to get bids for any of the extensive repair items which I do not doubt will be confirmed in the report received later today.Seeking any advice that you can give on the following: Would you proceed with purchase of the above detailed home?

How would you handle needing to replace a hot water tank, leaky roof, landscaping or something else?

Some are even building HUD homes with 2x6 exterior walls, radiant barrier roof decking, a full house moisture barrier, low-e vinyl windows, extra roof/wall/floor insulation and high efficiency HVAC systems.

Nowhere tells what type of construction or roofing it is; it says other. 

After a few deals, I'm looking for the best way to structure this moving forward and would like experts preferably under one roof to help me set this up.

My plan was that even if I had to work a minimum wage job, I would have a roof over my head that nobody could take away.

House has new roof , windows and HVAC .

The son is a roofing contractor and this house needs a new roof and decking.