Purchase price: $155,600 Cash invested: $15,000 (down payment and closing costs) + $5,000 (repairs, fencing, etc.)House hacking

I am on a very flexible rental agreement and plan to move into a property as soon as possible during repairs.

As for buy and hold, you’ll buy at a discount and the concern will be the quality/completeness of the remediation, which is almost impossible to verify..

To some extent I'm also looking for a new primary residence on acreage so that I have a higher quality of life (no awful neighbors). 

Private money for the purchase, and self funded for the repair.

For context, this place and the other calc I posted in another thread are in a very desirable, residential area next to an Ivy league school and all the grad school- the tenants (I was one a few years ago) are very high quality, its largely grad school/professor/staff rentals, and the home values historically have been largely immune to changes in the housing market- and probably as such, they've gotten really expensive.

Essentially, $60K ARV less the $5K for repairs would put it at a value of $55K or so.Assuming you offer $50K for the property, he wouldn't be able to pay off his debt and walk away with money.You can't lease if he has a big payment due that he can't accommodate.he's in a tough spot.So, $51 is his total payoff amount.

Renovated house, repaired roof damage caused by a fallen tree limb, and repaired damage from previous owners.

Cap ex typically is around 10 but looks like you are doing some repairs. 

If you have $51000 to pay on the mortgage plus repairs, and give him something, you may be into this for 100% of its value.