My point being is that the foundation can be repaired and one can find good deals sometimes if they know how to fix the foundations quickly and cheaply.

Maybe the seller is in deep with too many bills and has to sell quick and will take anything that is offered but doesn't want to offer it low in case someone is willing to pay more.

In recent years the area surrounding their house has quickly been developed.  

First deal to get my feet wet in REI but have quick question.In contract with a property that I expect will cash flow $70-150/month (10% vacancy, 10% PM, $100/mo comb. capex/RM); cash return of 7-13%, excluding what I'd pay myself to self-manage.2/1, rentable condition, listed at 52, offered 32, in contract at 41.5. 

My buddy called some of his friends and let's just say they talked to the squatters and convinced them to move out quick and it worked.

For example if you wanted to purchase multi families for cashflow: You could quickly check sales of duplexes/fourplexes etc. in the last 6 months to get a feel for ARV's.

They benefit from a higher rent and you can build a portfolio quickly.

it seems as if option #1 allows you to quickly scale with less money (basically furniture and a security deposit) but has the downside of lower margins since you're not building equity.I've also thought of other ideas such as buying a few properties under a llc with several other investors, where the total cash per person would be the same as if you bought 1 property by yourself but it's diversified across different markets and reduced risk.

On quick review, the house looks good, nice and finished.The only thing I noticed is that there is plenty of horse parking, but no car parking.  

My point is, if we do decide to purchase a residential property over commercial, we'll likely go FHA and then pay down the 22% quickly to shed the PMI.