Not being privy to the thought processes of your attorney, my best wild a$$ guess is that he/she is referring to a possible provision of your state's SAFE Act.

I know many investors who are wildly successful investing over the long term in cheap properties in undesirable neighborhoods.

In calling around for Fire/Dwelling quotes the numbers I am getting vary wildly, from $340 a year up to $800 a year.

I had the misfortune of finding out what a "wild deed" was a few days ago.

My initial reaction is that this estimate provides both a wildly large range and also a much lower average cost than I was expecting.

This is likely your highest valuation, but it needs to be positioned appropriately for sale, and a good listing agent will be useful.It is alternatively a straight investment property that would probably sell at a 9-11% cap in a "nicer" area as you describe this, but your local market will dictate this number, there is wild variability from market to market.

I can see it now...the tenant posts pictures of that wild party...ya know... the one that put those holes in the walls and busted out the patio door.I would be ok with email, but only in the form of reporting issues, not for spreading the latest virus alert and joke of the day.

I wasen't wild about it but the other agent insisted on it.

Of course everything I mentioned is assuming all you've assumed yourself regarding purchase price, income and expenses, which you seem to be swinging quite wildly at.

I call it "swag" scientific wild a$$ guess.