Property is 2100sqft and needs a ton of rehab since everything inside is in good condition however everything original from 1950.

To ensure accuracy, verify comps manually by reviewing recent sales in the area, property condition, and similar features.

What do you think is happening with the bigger picture to create these conditions? 

., small houses or retail buildings) that can be torn down and redeveloped.Challenges in South Florida: Be mindful of market conditions and local regulations.

Rewiring the home is not an option (cost to rewire verses what the house is worth/ what I paid) and the current wiring is in very good condition.

I’m just trying to play it as safe as possible considering it’s been vacant for so long and I have no idea the condition in which the previous owner left things.  

Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.

You'll likely pay high premiums, face lots of claim denials due to "pre-existing conditions", and deal with service delays.

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I don’t know if they have the funds to get her unit in condition for her, but that was mentioned last time I spoke with them.Thanks for the reply, sorry you have had to do this research for yourself.