The property was inherited in 2014 & sold to a bank for 100k.March 2016 sold for 77k to the current owner.Current asking price is 90k.Info on the property:Built 1980Property Land Area: 19,807 SFDetached 2 car garage3 Bed 2 full bath - 1 storyVacant for at least 4-5 years____________________________________My initial thought was to rehab this property for a buy & hold investor.Rehab the home to get it rent ready.Possibly turn the 2 car garage into some type of a rental unitFinally, place another manufactured rental unit on the open space of the property if possible____________________________________I've seen this property in person multiple times. my aunt has an SFR directly on this street, that's mixed with split level & standard unit properties.As I stated before I don't know if this would be a good project to start with, what I do know is this is an investment property that hasn't been occupied for at least 5 years, needs a nice rehab & has potential.Advice is definitely needed **These pictures are a little outdated from google maps** **These are the current photos of the property**

(Not by using Google maps because they can easily be outdated pictures) There should be some.

Chasing hearse's is awful, but helping a family that has a trashed/outdated home that they do not have the time or money to fix is a blessing.

I can tell you from a lender stand point that the appraisal value doesn't get affected by cosmetic issues being out dated or worn out much if any at all on conventional because the property Itself is what they are appraising.

If I buy the property, are these outdated rents my new basis?

I come across some weird/outdated home layouts in my business.

Negotiated 2k off of asking price because of outdated HVAC.

Later in the month I asked her for and exact move out date and she said she didn’t know, could be 2 weeks, could be 2 years.

"He says deposits, long-term leases, and proof of income are outdated"I can't imagine telling my investors that, or basing a business plan around it.

A great value-add property may have peeling paint, outdated appliances, or overgrown landscaping, which all affect the curb appeal and the initial impression that a potential renter will form.