Ideally looking for a duplex that is turn key or has only cosmetic repairs needed. 

You can do basic cosmetics for that amount, but if any mechanicals go out, roof bad, hidden structure issues, foundation issue, etc., $15k probably too low.

Process isstill ongoing , as I had pout off some minor cosmetic work ( outsidebrick and painting ) to focus on new apartment , but city will notissue a clean complete COA until all the deficiencies on maininspection re taken care .

Here are the numbers:HUNTLEY RD WESTFORD, VT 054942 BEDS, 1 BATHS, 711 SQFT, 3 ACRE LOTARV: $204k REPAIRS NEEDED: 3-5K (Cosmetic)RENT FOR SIMILAR HOMES: $1,800MORTGAGE AMOUNT: $153,570.67Seller wants 8k to walk away from the loan.AVERAGE HOUSEHOLD INCOME: 81KMonthly mortgage - 935/month Interest rate - 3.25% Terms - 25 years fixed Are there experienced investors familiar with Sub 2 deals willing to walk me through how to structure and maybe join in on this?

The original thinking was that this was just going to be a quick cosmetic flip with no permitting needed. 

Other than the cosmetic damage see picture, I don't understand why it need to be replace.

Had emergency surgery and was recovering by Thursday afternoon.

It was in pretty good shape and our plan was to do a few cosmetic upgrades.

Location-Westford, VTCurrent Mortgage $154k, mothly P&I $950 (holding cost approx $1,000 p/mo)Structure: A-frame house/Cabin 711sqFt on 3acres, 1 Bed (could be two but it’s a shared loft) full unfinished basement with egress.Pellet stove and propane.Property is 45min outside of Burlington, VT, 20min outside the Major skii resorts and 1.5hrs from Montreal Canada.The house is outdated but can be a cosmetic rehab for about $5-10k but a full renovation would be optimal by expanding the living space and adding windows/skylights to the Aframe walls/room.

Purchase price: $112,000 Cash invested: $18,250 3 Level Townhouse needed cosmetic work and some plumbing and electric.