When you combine the smell with the fact that it is in good shape, the combination will overshadow the outdated furnishings.

If you are seeking cash flow, I agree - the ROI is solid given $1,600 per month in combined rents on a $90K purchase price.  

I kept jumping in and out of the pool and learned a lot of "Creative REI" methods although I was never able to gather the self confidence to put theory into practice.I served in the US Army for 14 years combined active and reserve including a tour in Iraq in 06-07 at which time my wife and I purchased our first home and instead of going with the REO that needed work we went with a more middle ground outdated but move in ready home at double + the price.

The improved condo (install wood floors, upgrade appliances) will sell "fast" at $135K and rehab costs should be about $10K (combination of sweat and hired). 

Thanks for the info.I've put together a combined sifted and sorted tax delinquent and code enforcement list.I was thinking going deep is the answer to this list.

Sometimes the credit score is not even needed but closing quickly is vital which banks are very poor with.PM me, I have a colleague that does some private money lending and you can combine that with a private lender that I can also refer you.

But when I checked with my lender, they only will lend with a combined 80% LTV, including the seller financing portion. 

Cash flow alone will not save you in a recession ... it is the combination of high quality cash flow, cash reserves, and equity that will save you.

Most people when asked what are their taxes, they combine the numbers.

So the combined loans would be about 70-80k.