Upon further inspection, I discovered that one of the existing bedrooms also lacks this.The house currently has oil steam heat and a wood stove, which for insurance reasons we are replacing with a gas stove.

In 50 years, I think Phoenix will look like a shanty town with all these wood-framed stucco track homes decaying underneath the blazing sun.

I am only about 90 podcast deep and am wondering if this concept is still solid?

The OKC market looks pretty solid or I likely would not have looked at it. 

@Burt King, did you get a solid estimate for the rehab?

Not just the purchase price, but a solid ARV, a solid rahab price, a solid grasp of your lending costs, your holding costs and your buying and selling costs.

Here's the specs:prop #1- nicer neighborhood. just under 6 acres, mostly wooded. single family house needing a total rehab/gut. zoned R. listed just shy of 200k, has sat for half a year; I'd be aiming for 100k-120k-ish. has no garage/warehouse on it; I'd need to navigate zoning, and build to suit.

(Thank you in advance)Here's the violations list:CN062024Failed to maintain parapet wall in good repair and free from cracks and defects. (13-196-530 and 13-196-641)North and South parapets , spalled bricks and loose mortar with ajar mortar joints .CN063014Failed to maintain chimney in safe and sound working condition. (13-196-590, 13-196-530(b) and (c), 13-196-641)North chimney spalled bricks and loose mortar with ajar mortar joints .CN069014Failed to maintain foundation in sound condition and repair and so it adequately supports the building at all points. (13-196-530, 13-196-530(a), 13-196-641)Rear basement areaway , peeling masonry coating on foundation walls .CN070024Failed to repair or replace defective or missing members of porch system. (13-196-570, 13-196-641)Rear two story wood back porch requires replacement with plans and permits .

I've sold a home in Austin this year that netted me a solid return, roughly $73K, which was a primary residence. 

Pick a solid B-Class suburban area.