I have someone for you....recently did a bathroom rehab and i trust these guys  100%.Send me a PM if you are interested..

Use discount code LEAPYEAR at checkout.Is Your Lack of Cash Holding You Back From Your Real Estate Dreams? 

Ron, yes that is an option but most likely you will have to sell it at a discount.

When a bank forecloses do they generally let the property go at a discount to get it off their books or are they trying to recoup what they lost from the previous lendees?

We found out because it leaked for so long that the wood flooring in the living room (on the other side of the bathroom wall) started to swell.

He is dealing with an out of town and possibly out of country owner.Check my understanding on how I think I could structure a subject to and the obstacle of this property.2 home property1st is 2bd 1 ba needs paint, carpet, and bathroom remodel, and cosmetics Rent would be about $850-$9502nd home is uninhabitable (fire damage). 3 bed 1 bath.

Kitchen, bathroom remodels and appliance installations are most of my work.

I then figured out that the average non new build home in this neighborhood is around 1500 sqft and is equipped with 3 bedrooms, 2 bathrooms and a 2 car garage.

This is a ridiculous set up for a bathroom, but I don't have a huge budget to improve this but I know its not something the tenant is going to want to deal with.

I'm a wholesaler in the area, finding discount properties for buyers like yourself.