That means usually, there is deferred maintenance, damage, or some non conforming component and they don't want their time wasted (or your time wasted) trying to get financing on something no one is going to finance without repairs/upgrades/maintenance, etc..I require all cash offers commonly if I have something I know no one can finance or, when I know i'm not paying for repairs.

She would have saved me alot of headaches, and stopped me from some of the expensive upgrades and over runs initially.

I am now able to take a heloc on the property from the reappraised value from added the above mentioned upgrades.

New roof (insurance claim), new carpet in one unit, and few here and there upgrades along with new long term tenants since the property was vacant during purchase.

If your house is 150 years old it may not be the best candidate for adding a solar array anyway (potential issues would be a tied rafter system that may need reinforcement, a dated electrical system needing an upgrade, historical status, etc.).

(there's a diy bridge connecting the house to the apartment which will most likely be removed.Within the small neighborhood, only a few streets away have been nearly 20 homes sold in the last 6 months, and only two sold under 200k, most 220+, all of them single story, most 3 bed 2 bath, several are new construction.my short term goal is to own and rent the apartment and live in the main house for the rent to cover expenses, no positive cashflow necessary, but appreciated.the house is in need of extensive repair, it's on block foundation, but not in a flood plain and did not flood in hurricane harvey, (I'm in houston). obvious potentials due to original construction being in 1950 is asbestos, rewiring entire house/upgrade, redoing all plumbing, replacing most windows, hopefully not a complete install, and it has no central hvac.

I am only using Excel at this point but need to upgrade to a more sophisticated system. 

I cleaned out the basement and upgraded the washer and dryer.

I think the biggest problem you will find is the majority of the inventory will be 2 families making it more difficult to make the #s work and majority will need some sort of work/cosmetic upgrades.  

So, it doesn't immediately cash flow.However, my thinking is this:1) Assuming the foundation is not legally required to be fixed immediately, allow current tenants to remain at current rate until a major expense arises or tenants leave2) Fix foundation and generally upgrade the house once tenants have left (budgeting $35,000 in my head)3a) Rent out at competitive market rates to new tenants (should cash flow positive), or3b) Rent out on Airbnb at competitive market rates (should be more cash flow positive), or3c) Sell property if market is favorableSo, my question is this: should I pursue this deal or does it just not make sense?