His family set up a foundation to help under privileged youth buy sports equipment because Kevin was an avid sportsman involving himself in all kinds of different outdoor sports.

The things that would disqualify a house for "me" personally:- Squatters living there- Crumbling foundation- House has gaping holes - could be animals living in there, dying- House has been condemned- Burned outOther investors might be willing to take these things on.

This property is now abandoned, the 3/1 home needs full rehab and has foundation issues, needs new roof, they also mentioned it might have to be rewired. 

Stay away from large scale water intrusion issues (roof, siding, or otherwise), major foundation issues, issues with framing, stupid layouts that require rearranging walls, or places that have issues that can't be fixed (location, occupancy/zoning issues that impede your desired use, etc.)

You should call my buddy at Foundation Insurance and Risk Management. 

Let me lay some foundation before I answer your question directly.Cap rate equals NOI divided by price. 

Has anyone experienced tree root damaging foundation/sewer pipes?  

I later decided I wanted to finance the deal instead of use cash which was signed off by the sellers.This property had a foundation issue that I was not aware of the severity of as I didn't see the property in person until I was well into escrow.

The cheaper option is still on the table and has <20months timeline. 14.25% prior to start ($57,000)13.25% upon foundation inspection ($53,000)15.30% upon framing inspection ($61,200)5.20% upon plumbing inspection ($20,800)9.75% upon electrical inspection ($39,000)5.25% upon water proofing, drywall and insulation ($21,000)7.25% upon roof inspection ($29,000)8.0% upon stucco ($32,000)9.25% upon flooring kitchen and bathrooms ($37,000)12.5% upon final inspection and finish final touch ups ($50,000)

I have seen full gut remodels in the 3 units, but they already have a foundation and exterior walls, which cost a lot of money to erect.Since I am guessing you are not jumping into a $20mm project as your first go, buying will almost always yield better results.