It is free money don't waste it and you also need to make sure they have the correct health inspections and fire inspections and their own insurance and it has to say it is good on your property. 

@Max GabrielBe careful of the sharks circling.

If expensive properties aren't yielding positive cash flow, which is common in hot markets like Fairfax, and if you've found cash-flowing properties in less desirable areas, it's crucial to navigate carefully due to potential risks.

They could also run away with it– it’s not fun when that happens so be careful and compare what contractors in your area are requiring/asking for.

The original offer was 300k but then we asked for 25k off since there are other multiple things needs to be address like old furnace and stuff like that, but we asked that they take care of the hazardous flags.  

Be careful with the free data sites, they really rely on algorithm which can pull some funny numbers. 

Of course when you look downtown the home prices get much higher, however, there is a historically redlined area, that is still very close to downtown, and just because it's on the west side of the freeway and houses are less taken care of, you see homes for less.Developers are quickly snatching up properties because of this reason and because recent zoning laws have done away with single family zoning, so I'm feeling a sense of urgency to get into a home in this very specific neighborhood.I'm not a super personable guy and feel strange knocking on doors, so I started digging into delinquent taxes.

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

There are several excellent CPAs across BP if you care to search. 

I usually look carefully at the most expensive things:1) Foundation/Slab - small cracking and movement are no big deal, but a large crack, settling, displacement can cost a fortune to fix.2) Plumbing - esp cast iron sewer and galvanized ( or old copper) supply lines.3) Electrical - Knob/Tube, old original romex, no grounds, small main panel.4) Structure - Check the attic (and crawlspace if there is one).