if nothing else, do the demo/clean up and painting. 

I had to pay back taxes of 5k, and it happened in about 3 weeks, which is super fast.it's a ranch, 3 bedrooms, brick, basement, 2 car garage, backs up to a high school. it's between Beech Daily and Inkster road.it's dirty, the roof had caved in at one point and my roofer will go there and change it soon. the hardwood in the room where the roof caved in is moldy, obviously been wet for awhile.this house will be cleaned, demoed, locked and will wait for us until we can get to it. we are 4 houses behind at the moment, so it's nice to stock pile for "rainy day".i am not revealing the price yet because i might wholesale this one. there's plenty of spread for someone to make some money on it..i have another one under contract for 66k from the MLS, but i migth pass on that one since i am low on funds at the moment.still self manage, have a 8-4 day job, a wife that travels out of state during the week and 2 monsters under 4 yrs old to take care of.yes, i think about quitting my day job daily, thanks for asking. :)

Account Closed  Mine is white with tan interior   Lori's is black on black  she likes black cars I like white car's  ying and yang

I have not studied the relatiionship for renter affordabilty and actual investor profits but there must be some strong association there.I have seen some stats for demo shifts locally.

Analyze the deal based on several scenarios, including rehabbing and demo/rebuilding.3. 

I am currently in the process of demoing the interiors and installing metal roofing over the existing structure.

So, now I've gone from a cashflowing property to a property that's costing me a mortgage payment every month and needs over $50k of work (the only way to fix the problem was to demo all of the flood damaged drywall, cabinetry, and  trim, jackhammer through the slab, excavate and remove over 5 truckloads of concrete and clay (by hand), install and plumb an industrial level sump and irrigation system, backfill it with rock (by hand), re-pour the slab, and re-finish everything.How is this relevant to your question?

If it's in bad shape and is fraying or falling apart then deal with the problematic areas, but I wouldn't go as far to say it's a deal breaker.If you're going to demo or remodel, you're going to have a couple extra steps in the process (wetting, bagging, sealing) and it will be more expensive, and may require a hazmat demo permit (depending on what your county or state requires) - also has to be dropped in a different section of the landfill, or in a specific hazmat landfill. 

Originally posted by @Demos Loizides:"In Prince William County, Virginia, bandit signs are called "off-premise" signs.

Seems like a great spot for a hotel or apartment complex but I don't think anyone would touch it unless the city agreed to pay for some of the demo and remediation.