If it has lifted shingles, patches etc, in such cases the options are basically; fix it (new roof etc), exclude wind/hail (fire/lighting only), or NOC.

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

I had hoped that since the mold was so bad, and the house was so strangely unique for this area without having apples to apples as comparables to ever be a good candidate for a flip, that even at $200K it would send any and all investors running, I guess I was wrong.

They NYTimes has a very good rent v buy calculator:http://www.nytimes.com/interactive/2014/upshot/buy...One major flaw when analyzing rent v buy is you need to compare apples to apples.

Lincolnville is way over priced now that the hipsters have discovered it and of course it was flooded during hurricane Matthew...now the city might make you bring the buildings up to code which can include lifting the houses up ....I would be very careful about any "deals" that suddenly pop up ...here is an article that explains ithttp://staugustine.com/news-local-news/2016-10-28/hurricane-repairs-st-augustine-flood-elevation-standards-could-be-concern

If one of the SFRs does exhibit subpar performance it is lifted up by another SFR that is performing beyond expectations.  

Yes, we (wholesalers) do all the heavy lifting and grunt work to find smoking deals.

There are rotten apples everywhere, hence the need for due diligence.

You will have to look at your contract for seller's time limits for delivering that information and buyer's time limits for lifting the relevant contingencies.  

@Joseph S. actually meant to say Apple Blossom, not Flowering Peach.