Option 1 -- Idea for this property - complete $5k worth of concrete work (necessary in the next year) then place on the market for sale - take equity and invest in other properties - more than likely will receive appx $100k cash after realtor commission and before capital gains tax if sold for $190KOption 2 - which I am pursuing and believe I can make happen - is open up a commercial Line of Credit for $75-85k (depends on appraisals by bank I'm working with)Also open up a line of credit for $25-30k (depends on appraisals) on my personal residence giving me appx $100k to work with as wellUse Lines of credit to either purchase properties below that require below $100k invested then refinance etc, or use lines of credit in conjunction with Portfolio lender I've used to purchase a project up to $300k or so (multi family, commercial etc)********************************************I also am 1/3 partner on another single family house that we redeemed last year, have just below $100k in with $58k owed on it, P&I pmt of $485 rents of $1495/moFor the most part completely reno'd this house so maintenance/upkeep costs should be very low - HVAC, H20 heater, less than 5 years old, fixed drainage issues etc.  

The reason behind this is because the house needs fixed up---new carpet, water heater,all new flooring throughout and the bathroom needs renovation as well. the gutters are falling off and the fascia boards are rotting...with that said I can buy it for what he owes the bank with 2k additional for him to walk away happy.

The backyard has drainage issues and stays wet during the winter.

I was once on a roof with 2 feet of standing water.

For example if investor A has 5 duplexes and investor B has 10 and they both have the same amount of money to spend on those units, that's 5 more roofs that need to be replaced, 5 more property taxes to be paid, 5 more sidewalks that crack and need to be replaced, 10 more water heaters to upgrade, 10 more furnaces that eventually go bad, 5 more yards to mow and do snow removal on, 5 more PM's if that's your thing, you get the point. 

If you are the original purchaser of the unit (HVAC/water heater etc) and you have registered the unit, labor warranty usually lasts for 2 years and parts warranty usually lasts for 10 years.

The answer is - YES - if you get them a legit P&S package - the property should have a enough equity for a flip - or under water for a short sale. 

No need to muddy the waters. 

Power washing is a full force event of water gushing out of a power motor, through a hose onto the home.  

Call the local water company they will tell you.