If you go this route, you will need to disclose the presence of the asbestos to any contractors or service providers (cable, telephone, hydro) who may have to drill through the hidden asbestos siding.Finally, you could give it a fresh coat of paint - and perhaps apply a sealant - and leave it.

Tell them you can't pay a penny over $43,878.

@Chris Penny is this strictly for investment or will you live in one side?

I'm aware this post is quite old, but I stumbled upon it today and wanted to add a pair of pennies.

I am also an investor in Minneapolis and I own a duplex in Southeast Minneapolis on 1915 home what I would suggest is that you make sure the water lines Are updated with either pex or copper.

I'm scare that will cost a pretty penny...They said that can give the possibility of microbial growth (mold?). 

Rents HE didn't collect by the way, so his negligence.You are probably facing multiple evictions, so there is no way I would agree to paying him a penny for any tenant in default.

Just like I would never come to the bay area and pay 2 mil for the home I was raised in or the home the 2 I owned in Palo Alto that are north of 2.5 each.. but then again I am not in HIgh tech.I think we also have to remember that there is a lot of pacific rim buyers that affect this just getting money out of their markets for the so called safe haven.. same thing happened in Vancouver BCAny way... in the mean time I will continue to make my nickles a few pennies at a time and wait to see what happens ..

These properties are notorious for huge amounts of damage and expense just to get them rent ready again It's not unusual to have copper wiring and pipes stripped and AC's stolen.

I don;t really know, but I would think for less-focused bulk mailings (thousands of letters), a few pennies per letter are very important.