With specific property, you can decide to follow your OWN risk assessment.

I use the mail program on my mac so it would need to be compatible. 

I will be meeting my contractor later in the month.Purchase price : $15,000 (county assessed $26,880)New roof : $6,000Pier and beam foundation repair : $4,000Outside painting : $2,500Inside painting : $1,500Inside mold removal : $ 2,500Refinish hardwood floors : $1,000 New kitchen cabinets : $3,500Rewiring : $3,500Landscaping : $300Plumbing : $3,500Kitchen appliances : $500Total renovation : $28,300All in =$43,300Sale : $72,000Profit=$28,700 divided between me and my investor =$14,350 profit for me.So what do you think?

I do know some people that know the area much better than I, and what I gathered from these independent resources, they all had a common assessment of the area.

Hello Boththanks a lot for your replies.My main ask in these kind of deals is how can one assess that paying 10 months rent can assure that the 230 next ones will be paid... nothing... and also, after asking a few questions, I understand that once the note is bought, you're basically on your own... so not really suited for an out of state investor, less alone a foreign investor...The JV deals also seem a bit dodgy to me.. the investor puts 100% of the cash but the benefits are split in exchange for one putting down the cash and the other putting down the work.. seems like the investor has all the risks and the partner only has benefits...Thanks a lot for your answers in any case !

It's these kinds of threads that reassure me that I'm not on the wrong track with my assessment of the market.

Hopefully this will give me the opportunity to assess the property more closely and make note of potential repairs needed.

Thanks Michelle,Taxes are based on assessment at 243k, so likely won't be a lot of change there.

A new roof that requires a special assessment in an already deteriorating town house community can be devastating.  

In the first few minutes they are assessing you, whether you're the real deal and can actually help them, and whether they'd want to do business with you.