Due to the popularity (lots of people) it made the area undesirable to me.

Hey guys,I've been doing the numbers for a few properties, and I'm wondering what type of CAP rates you usually tend to want with a decently maintained clean house with hardly any issues.Some of the homes that I've recently looked at have decent CAP rates but the amount of work that needs to be put into them makes them undesirable (Water damage, caving in floors, Leaks and Roofs going bad).What is a CAP rate you usually end up getting with your properties and or look for in any properties? 

It doesn't look like termite damage that I'm used to seeing; when I suspect termite damage, I look for the mud tunnels/tubes leading toward the damaged area, and I also expect the damaged area to somewhat resemble corrugated cardboard.

I don't tell my electrician how to wire up a box, my plumber how to vent a line, my drywall guy which mud to use or my carpet guy how to run transitions.

Early spring is great to with all the spring skiing but once the snow melts the bugs and mud definitely make it a less desirable area haha.

There are more issues with the house including bathrooms and such, but the gist is, it's very undesirable.

You said , at least one of the houses is in a undesirable area.

Clear as mud, right?  

I am working on finishing a basement by myself, yet would like to hire our the drywall mudding.

But most certainly you won't grab a handful of mud.