(We bought it to speculate on neighborhood gentrification.)

But thats just my speculation, take that with a grain of salt.

1) you don't look bad because you are selling a fix and flip that needs to be fixed and flipped.2) replacing wires and pipes isn't nearly as much trouble as you think it is, and if you have an experienced flipper, they will be able to do this with no issues.How to handle it:take a deep breath, and move forward, keep everyone in the loop of what has happened (the facts, not the speculation) and let them decide if they want the property. if I was your buyer I'd already be putting in to account how a property could look with a tenant if they move out.

The law was put into place after the 1929 crash as some banks were speculating in real estate rather than focusing on lending money.The regulators who check the books of the bank will require excessive capital reserves for any property taken back in a foreclosure.

I see your a newbie, as am I and one thing you will learn quickly from reading the forums is don't speculate on appreciation.

Anchorage investors, do you think it's worth speculating on this property if I can't make it cashflow, based on the property description?

You can do better with a bank CD and not have to worry about a large special assessment or a tenant wrecking the place.So, this is a pure speculative play.

With the awful traffic in the bay area I'm betting people would pay premium to rent closer to their jobs and therefore appreciation would be higher.I know my thinking is called speculation from a lot of forums here, but I still think of it as investing for the long term where jobs and talent are based..

All this property offers is speculation on appreciation, there is no positive financial upside to renting.

If you are getting a positive cashflow you are investing, if you are betting on appreciation then you are speculating.