However, there might be problem with the roof and major termite issue underneath the bathroom, since the wall in the shower was opened and the tenant just put something like a sheetrock there, it wasn't fixed properly, so water can go down and cause major damage to the subfloor or the foundation, which would greatly increase the rehab cost.The tenants have been living there for over 23 years, they don't want to move, (a couple in the 50s with the dad in his 80s) so they don't let me in to do the inspection.

Just because you can or could do something doesn't mean you should for the sake of razzel dazzle....You don't try force something to make a deal out of every property.The straight forward method here is for you to get a loan to pay off the tax bill, she subordinates the property for collateral for the loan, then you buy it and she finances the balance, but even that is probably too much brain damage, unless there aren't any other deals to be had.

Some state approved lease contracts refer to this.If your property was not damaged and the only issue is their personal property, consider your self lucky.

its only my opinion but I think jumping into commercial investing could be very difficult road and potentially damage your friendship.

It allows water to stand there, but doesn't collect any solids.

Also, banks will require a rehabber to put a lot more of their own cash in typically, so this waters down the ROI.

What are the annual property taxes, who pays the utilities (water is usually handled by the HOA, but not always), and does the HOA have adequate reserves to cover major repairs like roof replacements and street resurfacing?

I am interested in this for getting tear down properties, fire damage, or lots...Direct mail is so important, but it takes a formula.Please help.

If the smell is smoke damage (regardless of type of smoke) it cannot be removed by washing.

I'm currently dead in the water with another investor/partner.