Yes, I have spoken to a bunch of knowledgeable contractors but the bids have been very high. 

I'm hearing more about AP on takeovers that the new ownership did not seem to have knowledge of, and high AP at existing properties that have cash flow issues.   

Food for thought

If you're experienced or high volume, this can be mitigated. 

All the cohousing developments I've come across have a high degree of pride of ownership and community.

There are great values and there are some very high prices. 

Build a portfolio of cash flow producing single-family homes in a high-cost market with high barriers to entry. 

There is negative cash flow… my thoughts are that either:- Rent estimate is way off- Property value is too high- Other?

I'm a little nervous too because the asking price is a little high for the amount of repairs that are needed, but I'm trying not to scare the owner with a low ball offer because I'm focused on getting him to finance the deal so I can get a low interest rate or no interest at all.

. ;)Overall, for a beginner with money I highly recommend it as a One-Stop shop.