There is a mortgage, a second investor loan and monthly payments to the city (demo lien-?)

The Township claims they have no records or any documentation regarding the demo, but I have proof that they oversaw it and paid for it.Basically, I'm trying to do some "digging" to see how long the Township has been polluting this lot and covering it up (literally and figuratively).

You will need to do some selective demo to open up the area in question to get to the root of the problem. 

Expect to come out of pocket $15k+ to renovate 4-5 homes to the point they can be sold.On your two that are unlivable, you can usually get a roll off dumpster and demo them in place.  

 Some progress pics.Fireplace was removed, I had decided to reface it, but upon demo sheetrock underneath was damaged.This added about 4X8 to the  room!

I am hoping to buy a property to demo and rebuild into either an adult family home or rental. 

Everything else was all under the tile and only detectable and showed itself during the demo.

FYI Reifax also does demos/training sessions to help you get acclimated with their software.

We were about to found out a big reason as we continued demo and rehab.

Below are the numbers he gave me on the house.Rambler3 Bed, 1 Bath, 1069 Square Feet, roughly .25 acre lot, Occupied housePurchase Price: $141,000Renovation: $25,000Finders Fee: $0 (waived if I took it that day)Resell: $205-$215 (depending on finishes)Offered to sell it for me for freeSo here is the initial numbers I put together.Purchase Price: $141,000Renovation: $35,000 (I always add onto the number they give me, just to be safe)Closing Cost: $15,000 (7%  3% to buyers Agent, 1% to selling Agent, 3% closing cost)Holding Cost: $11,700 ($2,700 [points], $1,200 insurance, $7,800 for 6 months of Interest)Potential Profit: $12,300 (plus we finance our own renovation and pay ourselves)This is what it looked like:Next Post I will explain and show the demo/design and how we planned to add value to increase profits