As far as MDF versus wood....it all gets bowed if you get water damage and it is not dried immediately.

It needs interior and exterior paint, new fixtures and appliances along with some new shelving and dry wall, and of course some yard work.

I've heard of it being done in a steel mill water reclamation system where the original cast iron piping was rotting out inside of cement floors etc due to the corrosive/leeching by incoming low pH waste water.

Very few title co.s/attorney’s will participate in a “dry closing”, using the end buy funds for the initial purchase, even with disclosures.  

Tonsssss....subway tile takes time and don’t let your grout dry or you are screwed!

The title is a mess to fix at that point.this is very evident in areas of  Charleston SC  you see these homes sitting there rotting away.. next to million dollar new construction and the why is.. exactly as you state .. no proper probate.. next generation just does nothing and the assets just rot..  

I see people post no deals , all deals are dried up, too much competition not like people know all the houses in all cities/neighborhoods in their state.

Looking at these photos of Calwa properties, it looks like it is in a C- - neighborhood with trash outside, weeds not meeting fire code and in front of each buildings have dry rot. 

Sometime's we'd open a ceiling and find rotted joists.

We backed out of one after the inspection found several problems including 2 bad HVAC units, roofing concerns, a tenant who had torn up his unit, and dry rot on soffets.