I've toured the property and it's in great condition.

- Condition of the 2br 1ba is very poor, and not being able to see the inside makes it difficult to fully estimate repair costs.

Moisture readings at the stains taken with an electronic moisture meter were normal at the time of the inspection and no significant damage was detected; however, leaks can become active under certain conditions if proper repairs have not been performed.

To show the condition .

Are the conditions of a property a deciding factor even if the location is GREAT?

Properties at that price point are probably going to rent for 650ish in good condition.

Purchase price: $580,000 Cash invested: $145,000 4 plex, 2005 contruction, stucco, cement driveway, good condition long term hold.

@Tua Toiaivao  Your idea of doing "hustle methods" before spending tons of money on marketing isn't a bad one as a way to get started and get your feet wet, but I don't think that with the current market conditions you're going to have much success with deals that are listed on the MLS for the reasons others have listed above.  

Have the owner contact the bank and ask for a postponement based on her condition and that you two are going to work something out to bring the bank current.

It's OK if you live in one of the units, but you can't lose money if it's rented out. 4) What's the condition of the apartments/exterior/etc?