I have seen some condo owners with lower COA fees get hit with major assessments they weren't expecting (think $8k for a roof, $2k for painting, $3k for elevators, $2k for paving, etc).

Toilets, tub, moulding, carpet.Needs new kitchen, room, rugs, spackle paint, driveway, 2 whole bathrooms and 1 bathroom updating.My concern is the two upstairs bathrooms have this gaudy italian tile which only certain people would like.I am thinking if I took the low comp, $425 *.70 that equals $297 - $100 in estimated repairs, that an offer of $200 is where I want to be.

My question is what is the criteria he chooses when buying his list / asking of his list from the title company.If anyone knows or Aaron can chime in I'm ready to take the advice and run with it.Thanks!

New roof Architectural style rip and replace $4/sqft , gutters 1500 sqft $750,siding and sheer 1500sqft $10,000,exterior paint single family 1,500 sq ft $3,000,kitchen repair single family nice $5,500-$7,500,windows vinyl clad $250 each,full bath repair $2,500- $3,500,replace one hot air furnace or boiler $2,000 - $2,500 depending on size,carpeting $500 per average size bedroom.

I've been there and done that and I know that there are no paint by numbers pictures that will be a Picasso!

But I can clean, paint, and do the paperwork, at least!

Also new windows, carpet, and painted top and bottom.

I am talking B to C neighborhoods, working class.We find deals weekly with much higher returns, but we choose not to invest in those areas.Hope this helps!

It would be equally the opposite of awesome if you dumped cash into finishing the space and then you couldn't live in it because somebody noticed what was going on.Maybe if you had a really good artist paint a picture of a window in the bedroom, nobody will notice!

If they choose to spend their money in the burbs, they better be ready to shell out more capital for a weaker ROI if they're shopping the MLS.