I own a duplex in Ferndale, so I don't know Madison Heights real estate market aside from driving through it on my way to the HD over there, but $1200 seems high for a property in that condition.

Also we had a laundry room door that was overall in good condition but had some normal wear and tear at the bottom, well they must of decided they didn't like the door so they stored it in the outdoor building all year and its covered in dirt and mildew.

Columbo, in his old raincoat drving his classic but not so mint show room condition car.

One would think she had an idea of what the condition was prior to giving you an offer but regardless had they set aside the time for due diligence she could've voiced her concerns then.

For VA home loan purposes, a veteran is a person who has served or is currently serving on active duty in the United States Military or Coast Guard and who was discharged or released from active duty under conditions other than dishonorable.

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Purchase price: $250,000Taxes: $3,300Rents: $2,400-$2,600 (current condition or if updates are made)PM fee: $150/mo.Insurance: $180/mo.

Typically, banks will require the property to be listed as a condition of the short sale.  

Problem is given current condition, no room to wholesale or even buy myself and have any equity. 

Originally posted by @Davin Searls: Any spending on a rental unit is typically to get it in a 'rent ready' condition.