Will properties in this area actually sell if someone were willing to undertake necessary repairs?

However, in the bubble economy of Kitimat, labour will be stupidly expensive, so you may need to adjust a little further to ensure you have encompassed the delta.You also know that the issue of water ingress needs to be addressed before renovating the interior or you will only end-up right back here.The foreclosure is not really the factor here - though the property is likely in foreclosure as a result of the prior owner deciding to walk rather than confront the water issues.This is an ambitious undertaking and may very well not make economic sense.

My wife and I live 2,000 miles away, so anything to be done to the home would be a huge undertaking.

Greg, what an impressive undertaking!

This thing is a HUGE undertaking . . . perhaps if things slow down.

I'm not sure if there are any legalities / registering involved either .... i.e. can I just say, "hey, give me 100k and I'll give ya 7% a year" and draw up a quick word doc or do I have to register as an investment advisor or similar undertaking ...

It would be a massive undertaking to do it at a mass volume, which, for the fixed time that would be involved with getting into the market, it wouldn't make sense at an SFR level.

I will uploading new posts as I make progress feel free to follow along as I undertake my first project.

So I guess what im asking is, would it be a BAD investment to undertake such a project?

New setting, physical labor of moving, having to pack and redecorate and everything, the hassle, not being familiar with the new place.