It is a political hot-button with many people, but if you take the time to educate yourself, screen properly, and not be a slumlord you’ll be fine.

That said, how much $ are we talking and is this person the kind of neighbor that would cause enough stress to make you wish you just paid up? 

I want to be sure that I can provide the best service possible for my clients so that their journey is a lot less stressful than what mine has been.

Moreover, the purchaser may also be stressing the deal at either a higher cap rate and/or internal rate of return due to the risk of a 100% vacant building. 

Everyone knows long distance is stressful and most of the time it doesn't work out. 

He stressed using the same way of evaluating and using subject area Team members that seem truthful including that City's building officials that can tell you what to expect and local realtors willing to give you current growth issues as well as the pricing levels.You want to purchase in "hot areas" and in the U.S.A.. 

In the best case scenario, you've only saved $2k but taken on all the stress and risk of the renovation.

Very valuable lessons and hard-won experience you got from this, and you didn't lose your butt on it, so I'd still consider it a net positive!

Why go through the stress and risk of a major value-add renovation if there's no pay off.

Wholesalig is more difficult then ever.Finding low equity and "stuck" sellers is still viable (and growing) and into the end of this year as stressed out of work new owners with no equity try to get out from under their homes.