Major fixer but lots of potential here.  10 bedroom, 0 bath home, around 5,000 to 10,000 square feet.  The property has real limestone floors, 3 stories, a solid red-stone foundation, a very large pool and lots of room to expand.  Home would need to be brought up to local building codes.  Buyer to verify permits.Offered at $500,000, includes wholesaling fee.Rehab estimate: $35k, needs new electrical, plumbing, HVAC, roof, some walls, a few bathrooms, windows, some foundation issues, and all interior fixtures.

So, I would need to move plumbing about 10 feet from existing plumbing for the washer/dryer (closest plumbing).

My immediate fixes that would need to be done are roof, plumbing, water heater, paint, carpet in order to get it rented.

They should know if the plumbing doesn't work, the electric doesn't work, the walls are missing, or the roof is shot.

Also, where I live the owner is responsible for all plumbing down stream of the meeter.

The roof is not leaking, but it has 3 layers of shingles. it might start leaking soon. the steel windows dont open and look horrible on the inside.i always feel that the condition of the property dictates the tenants i get. that's why i'd rather change the plumbing to pex before a tenant moves in than to get a call that the water is rusty.

I did not get that good of a picture of this, but some guy added plumbing, an interior door tied up with rope to create an exterior bathroom.

If there is no discoloration in the water and the plumbing is not leaking, you can get by without it in my area.

It is understood and agreed that lessor and his insurers, agents and employees, shall not be liable to Lessee, Lessee’s family, co-occupants, friends, guests, invitees or any person for injury, damage or loss of any nature which may occur at any time on account of any defect in the leased premises, the improvements therein and the appurtenances thereto, whether such exists at this time or arises subsequently hereto an whether such defect was known or unknown at the time; that Lessor, his insurers, agents, or employees, shall not be liable for any injuries or damages to person or property sustained by Lessee, Lessee's family, co-occupants, guests, friends, servants or any other person upon the premises or any damage to any person upon the premises or for any damage to any person or property by or from any boiler, plumbing, gas, water, steam or other pipes, sewage or any gas or electrical fixture or appliance or the bursting or leaking thereof.

Are there any deferred maintenance items that you might have missed in your inspection (e.g. how old's the roof, the HVAC, the plumbing, the water heaters, etc)?