With so many assets - being "frozen" for one year cost us about 1M dollars (average of 2k in taxes and the rolling interest, lawyer fee's etc.) 

The kitchen cabinets are in poor shape, the a/c unit is frozen, garage door is in poor condition, all the floors need work, and it needs new paint.

Apparently, at some point after the former owner left the place, some pipes must've frozen or otherwise burst and there was major water damage to the kitchen, which has been completely gutted down to the studs.

When we rehabbed it we went with NG forced air HVAC to eliminate the old system & having to trace pipes in walls/ceilings.We have also found the older thin metal p-traps frozen so we drain or rip them out.Our problem here is water meters freezing & that's a major issue if they burst.However, we currently have a SFH 'winterized' but we do have the heat on (55deg) & our last NG bill was $55.96 & that's cheap insurance !!!! 

Are you frozen when it's time to ask for the close?

I arrived at the house 10-15 minutes before the listing appointment and saw that there was frozen water on the deck.

When purchasing new properties, this includes inherited liability from former and/or abandoned USTs;2) In residential properties - particular student rentals - tenant frequently allow the fuel tank to run dry which leads to all sorts of extra problems (priming and/or relighting the furnace; clogged burners; frozen pipes, etc) and costs.

My only problem with this is once i do buy it i feel like my money will be frozen in that property.

Since a HELOC can be frozen or callable, that call is like a balloon.

Looking for some professional opinions and info on the following potential flip:SFR, Excellent neighborhood, 5bed, 3 bath.Vacant home with frozen pipe, water damage and now mold.