Your property needs to have possibilities, by that I mean room to grow, say a patio graden, it needs character, charm, style, this needs to be in the bones and design, IMO as you can rehab and update as the market changes over time.

Say a storm blows through up north and suddenly lumber prices are crazy!

Are there common areas (Let's say a driveway that needs to be lit)?

I'd say a con is having to develop trust with a team, sometimes without meeting.

It doesn't really look much more appealing than say, a manufactured/mobile home plonked on the same plot. 

Say a 1 or 2 bed room, low income area

What is good debt per-say?A

That is to say if the contractor jacks up the floor to even it out, you may have to re-hang doors so the close properly and you may even gain some wall cracks.If it isn't a problem, then put together a reserve of cash for when it becomes a problem.The one thing that will be of most value to you is to be sure you have "code upgrade" features on your homeowners policy so that when you make a claim on say a roof with hail damage, the upgrade to pass inspection is also covered by your policy and you aren't left on the hook.Would also be good for you to learn how to do some of these repairs yourself.

It is in what I would say a C neighborhood. 

Hi Jon, thanks for the reply and pointers.When you saya a name thats one word and a tag line do you mean something like 'Landmark LLC' - We can help your avoid foreclosure, call us for free professional help, you have options!