It's like walking barefoot on broken glass.  

Also, since a developer out there just turned an enormous amount of previously spongy, wooded land, with lots of tall absorbent grasses into a big fancy neighborhood, I suspect the flood danger has increased for the whole area and it will likely flood worse than before.

. - REMOVE CARPET MATERIAL ON BASEMENT FLOOR AND UP STAIRS - REMOVE BASEBOARD; DOOR CASINGS AND INTERIOR DOORS - REMOVE SHEETROCK UP TO 84” HEIGHT OFF OF FLOOR - REMOVE WALL TILE AND SHEETROCK SUBSTRATE IN BATHROOM – SAVE TUB/SHOWER FAUCET & TRIMS - REMOVE BATHROOM VANITY – SAVE FAUCET - SAVE TOILET, TUB AND TUB GLASS DOOR - LEAVE HVAC AND HOT WATER HEATER IN PLACE FOR INSPECTION - LEAVE ALL ELECTRIC IN PLACE FOR INSPECTION - LEAVE FRAMING IN PLACE FOR INSPECTION - REMOVE INSULATION ON OUTSIDE WALLS - NO CEILING WORK - REMOVE STAIR TRIM THAT WAS UNDER WATER – LEAVE TREADS AND RISERS IN PLACE.3.

So properties that are in poor shape, tall grass, bordered up in a great neighborhood that have the comps to back up the ARV.

It has brand new windows and sliding glass door.

@Justin Glass Keep it, I'll bring my 12 gauge and do some hunting!  

Im a glass half full kindof person so I wanted to lean toward "maybe that just means opportunity?"

Now it’s over and I look back, I consider it an overall positive experience.The main reason is that I don’t feel like jumping over tall hurdles.Did you retain an attorney upon discovering the permitting issue?

Hello fellow investors,I found several properties with all sorts of issues: blighted, tall grass, boarded up, structural issues etc and stuck on the next step.

Current as-built drawings, plans & specificationsDescriptions of buildings, physical aspects and systemsSite Plan (with dimensions and identifying tenants and vacant locationsPhase I and if applicable Phase II environmental site assessmentProperty Condition ReportStatus of ADA compliance (including ADA plans)Warranties (HVAC, roof, insulated glass, etc.)Existing exterior, interior, and aerial photographs of PropertyFloor plans with tenant location (CADD/PDF files)Any and all Leases and Tenant correspondenceAny and all Service ContractsGeneral Ledger for the past 3 yearsThree year history of delinquency and bad debtMost recent detailed billing statement for all TenantsTenant ledgers for previous calendar year & YTDCertified Updated Rent Roll and Certified A/R ScheduleList of security deposits and prepaid rentLeasing update (pending deals, LOIs, renewals, lease-up projections)Future Tenant improvements and leasing commission obligationsThree year history of tenant improvements and leasing commissionsCurrent year detailed operating budgetYTD budget vs. actual analysis for current year & 2 prior yearsThree years of operating statements (revenues & expense) historyCapital items/budget forecast (3-year projection)Three year history of capital expendituresProperty Tax bill for current year and previous 3 yearsCurrent Insurance CoverageThree year history of insurance claims and incidentsTenant’s sales volumes for at least 3 yearsThree year occupancy historyExisting appraisal report(s)Confirmation of ZoningCertificate of occupancy/use permitsStatus of pending litigation and/or threatened condemnationMost recent title insurance policyMost recent as-built surveyCAM Reconciliation for prior 3 years