Thanks Mike,IMO investing for appreciation is speculating and much higher risk then investing for cashflow.There is much more certainty in basing decisions on the fundamentals of a deal as the numbers stand TODAY and not what they might look like tomorrow.Much success

The homes that have been most difficult for me to turn have been those I convinced myself I could make work, either buy speculating on a higher ARV, or adjusting the repairs.Don't know what I can do to help, but always up to talk RE investment.

I think those would be pretty lucrative, but I'm no expert and just speculating about that.

But if you step back and think about the original suggestion, "prior to selling my home, can you come remodel it for me and I will share the increase in value"; you're beginning the whole relationship on speculation.

While I know this is limited information, and I am not asking anyone to speculate on the deal specifics (not that I gave you much to speculate on), we are curious to get the opinion of others who have dealt with (or stayed away from) properties of this size with regulated rents.

The point is if no one knows what your goals or plans are how would they know if its a good deal.A property in the heights or Oak Forest would never compare in these numbers but that is a speculation play.

The $600k ARV number is all speculation.

You are speculating about the lack of foreclosure action.  

Some more speculative by nature, some less.

Bottom line it depends on what type of landlord you choose to be.It also plays into a investors priorities of speculative appreciation investing compared to cash flow investing.