One other item, your exit strategy is also a factor here.

Also, age is a factor as a 1969 home will have more issues, lead-base paint requirements, possible asbestos, etc.

I'm factoring an extra 6-8 weeks on top of the standard 6-8 week schedule for the rehab.

HVAC and Roof will be your two biggest potential nightmares, but also factor in a generous psft upfit allowance and make sure you have the reserves to stomach it in case you find excellent tenant who needs upfit.

Price will depend on many factors that I don't know( rot, custom sizes, etc...)

His markup shouldn't matter as long as he's pricing it fairly and leaves enough room for your profit to be made after repairs costs are factored in

If you're looking to do a short sale, most banks won't consider it unless the home is headed to foreclosure among other factors.

Also, if I did purchase it Subject To, how would her debt factor in?

If it is an HET toilet, there is a high probability it is flapper-less.That aside, you are correct: installation error is one of the main factors behind poor performance on a low-flow toilet.

Another thing to keep in mind is what sorts of customers Penske is serving, if you're factoring it into your long-range plans.There was a link in the article that went to United Van Lines' map of its moves.